Extreme Weather Events Become the New Normal: Insurance Industry Faces Challenges

[Bulsky]

The increasing frequency and severity of natural disasters due to climate change are posing significant challenges to the insurance industry. Rising insurance premiums and concerns about coverage for extreme weather events are affecting both businesses and homeowners.

 

[kaelaskia]

The insurance industry is struggling with more frequent and severe natural disasters due to climate change, leading to higher premiums.

 

[Kath_]

It’s like the insurance industry is playing a never-ending game of “How high can the premiums go?” with climate change as the ultimate wild card!