The $5 trillion global insurance industry’s natural disaster problem

Extreme weather events are becoming more frequent, and more costly.

$340 billion in damage across the world in 2017. And insurers had to pay out a record $138 billion. The $5 trillion global insurance industry plays a huge role in the U.S. economy. Insurance spending in 2017 made up about 11 percent of America’s GDP.

So, how will insurance companies remain profitable in an era of climate change? And what does that mean for the rest of us?

www.cnbc.com/2019/03/15/climate-change-natural-disasters-pg-e-insurance.html

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these <abbr title="HyperText Markup Language">HTML</abbr> tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>




Done Reading? You might also find these links useful:
Stock Market News | Stocks Catalyst Calendar | Social Activity Stream | Stock Forums | Stocks Chat Rooms