Yes, our 21st century is being hit with an accelerating frequency of bigger, more powerful natural disasters and losses.
No more reliance on science-denialism and obstructionistic nonsense for anyone, especially not for insurers who want to stay in business in an age of accelerating high-cost megadisasters. The New York Times got it right in “Mutually Insured Destruction … Denying climate change isn’t just foolish—it’s bad for business.” Insurers get it.
– Paul B. Farrell, MarketWatch columnist
See on www.marketwatch.com