Insurance for Weather-Related Disasters

Article in the NY times titled a Retreat from Weather Related Disasters is mainly about obtaining insurance for weather-related disasters.

Direct link to the Ceres report titled Insurer Climate Risk Disclosure Survey Report & Scorecard: 2014 Findings & Recommendations

UPDATE: Additional info in an article from the Canadian Globe and Mail paper; see: Study finds insurers lack ‘preparedness’ in climate cases .The effects of climate change could lead to stormy conditions for global insurers – and most aren’t ready for that forecast, research shows.

Insurance companies operating in the United States show a “profound lack of preparedness in addressing climate-related risks and opportunities,” according to not-for-profit sustainability advocacy group Ceres’s Insurer Climate Risk Disclosure Survey.

A study of 330 companies, representing 87 per cent of insurance premiums issued in the U.S., awarded top ratings to just nine firms – almost all of which of are large, global insurers and reinsurers, such as Munich Re, Swiss Re and Allianz.

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