Mmastodon WorldPolitics first seen 3 d ago, last 3 d ago, peak #1
Insurers underestimating climate risks, economists warn
Original: Insurance companies are underestimating the risks of climate change - which carries the risk of economic collapse. https
A Guardian commentary argues that insurance companies are systematically underestimating the risks posed by climate change, leaving homes and businesses exposed as disasters intensify. The warning is that if insurers misprice these risks, sudden losses could ripple through financial markets and trigger wider economic collapse. The piece calls for a more honest accounting of catastrophe risk in pricing and planning.
Why now: Ongoing climate disasters and rising insurance costs are prompting renewed debate about whether the industry's risk models reflect reality.
The Guardianinsurance industry
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