Climate change is wreaking havoc on the global insurance market
A home is completely destroyed after the Creek Fire swept through the area near Shaver Lake, Calif. Wildfires, floods and other intense climate events are causing chaos for insurance companies.
David McNew | Getty Images
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Climate change is wreaking havoc on the global insurance market. That’s the takeaway from a piece in Grist that points out natural disasters now cost the U.S. insurance industry $100 billion a year.
Lois Parshley wrote about the trends in the first of a 4-part series for Grist.
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