, 3 tweets, 2 min read Read on Twitter
Increasing #ClimateRisks are forcing the insurance industry to recalculate. Climate change may be gradual, but its market effects are volatile. What we are doing currently — nothing—will cost us big.
wsj.com/graphics/clima…
Look at Texas. The annual probability of a Texas storm dropping 20 inches of rain is expected to rise from 1% to 18%. When insurance companies get scared, that’s a pretty good sign that we should be too. #ClimateCosts usatoday.com/story/weather/…
Where does this end? For some coastal areas, insurance companies stop offering protection all together. Homeowners will be left on their own to deal with the #ClimateCosts.
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