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A myth floats around among those seeking free-market solutions to climate change that insurers will be a positive force. Insurers are worried about the impact of climate on their business model. They will increase rates.
RL Miller
Free market fail: why the insurance industry won't save us from climate change
Seeded on Mon Oct 17, 2011 2:11 PM EDT
Article Source: Daily Kos- Enjoy this article? Help vote it up the 'Vine.
- Public Discussion (2)
In the long term, the industry may not survive in its present day form. It's built on charging risks based on past patterns. But past history can't map a new normal. The property insurance industry is reeling from the storms of 2011, and the life and health insurers have barely begun to consider the likely-profound impact of climate change on their mortality tables.
- 1 vote
#1 - Mon Oct 17, 2011 2:12 PM EDTIt's worse than we thought. Clearly they need to increase insurance rates (increasing insurance company profits have nothing to do with it).
#2 - Mon Oct 17, 2011 5:07 PM EDTYou're in Easy Mode. If you prefer, you can use XHTML Mode instead. |
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