Climate change. Global warming. It’s happening. And it’s going to cause your insurance costs to go up. When and how much are the questions.
The insurance industry is a business. When it comes to paying for claims and making a profit, insurance companies and regulators pay close attention to the details.
The recent National Climate Assessment report asserts that climate change is affecting all areas of the United States and the economy.
Recognizing increased risk will mean setting aside more money, which means prices for insurance are going to go up.