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Climate risk insurance is a type of insurance designed to mitigate the financial and other risk associated with climate change, especially phenomena like extreme weather. [ 1 ] [ 2 ] [ 3 ] The insurance is often treated as a type of insurance needed for improving the climate resilience of poor and developing communities.
The insurance industry has been criticized by environmental activists and Democratic Party lawmakers for continuing to provide coverage to fossil fuel companies, while Republican Party lawmakers have criticized the industry for curbing policy coverage to oil-and-gas companies (even though most U.S. insurance companies have generally refrained from doing so in contrast to insurers ...
The consequences of climate change are making homeowners insurance either unaffordable or unavailable for millions of Americans. Climate change tests the insurance industry and could lead to the ...
Climate risk insurance is a type of insurance designed to mitigate the financial and other risk associated with climate change, especially phenomena like extreme weather. [ 22 ] [ 23 ] [ 24 ] The insurance is often treated as a type of insurance needed for improving the climate resilience of poor and developing communities.
Insurance firm Nationwide last year did not renew around 10,000 policies in parts of North Carolina due in part to risks posed by climate change and hurricanes. "Insurance companies are having to ...
Opinion: Climate change is tied to higher rates and canceled coverage, so insurers ought to lead the end-fossil-fuel charge, writes Cathy Cowan Becker Insurance industry's hypocrisy: Warning about ...
The answer to that question will determine whether climate risk changes capital markets forever. ... be matched with a 30-year insurance policy: A one-year policy is treated as a sufficient signal ...
South Carolina's climate is changing. Most of the state has warmed by one-half to one degree Fahrenheit (300-600 m°C) in the last century, and the sea is rising about one to one-and-a-half inches (2.5-3.8 cm) every decade. Higher water levels are eroding beaches, submerging low lands, and exacerbating coastal flooding. Like other southeastern ...