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polly7

(20,582 posts)
Fri Apr 27, 2012, 11:05 AM Apr 2012

The World's Insurers Brace For Climate Change -- Except In America

Climate change is increasing insurance costs all over the world. But a recent Ceres report finds that American firms are still in denial.
April 26, 2012 |
Photo Credit: New Muse

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http://www.alternet.org/world/155164/the_world%27s_insurers_brace_for_climate_change_--_except__in_america


Given that insurers are likely to be among the first companies affected by climate change, you might expect the industry to be better prepared than most.

But that is not how it appears to many analysts, regulators, and industry representatives, who say insurers are showing a lack of urgency on the twin threats of massive future damage claims from weather-related events, and the prospect of growing climate change-related litigation.
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The World's Insurers Brace For Climate Change -- Except In America (Original Post) polly7 Apr 2012 OP
They expect to bail and not pay. And close up shop, or be mandated by the government. saras Apr 2012 #1
Nah, just a "bail-out".... from US. DCKit Apr 2012 #2
 

saras

(6,670 posts)
1. They expect to bail and not pay. And close up shop, or be mandated by the government.
Fri Apr 27, 2012, 12:00 PM
Apr 2012

I think their preference, and "plan" is to refuse to pay, and be mandated anyways by a friendly government. Ultimately they'll only pay off to a select few corporate partners...

because they CERTAINLY aren't going to stay in business under a normal business model.

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