Friday, September 27, 2013

Insurance industry pricing climate risk as a dead certainty - Boing Boing

"Insurance underwriters generally operate in the real world, where science trumps ideology (that's why terrorism insurance is pretty darned cheap -- despite the politically successful posturing of our leaders, terrorism just isn't a very big threat). That's why climate change insurance costs big bucks -- insurers know that it's real, it's coming, and it's really, really bad news."

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