Breaking: Insurers don't actually believe in the global warming hoax

Report: Insurers Not Addressing Climate Change Risks

The findings are “illuminating and disillusioning,” notes the report: While the NAIC survey revealed a broad consensus among insurers that climate change will have an effect on extreme weather events, only 11 of the 88 companies reported having formal climate risk management policies in place, and more than 60 percent of the respondents reported having no dedicated management approach for assessing climate risk.

The report says the insurance industry’s “sluggish and uneven response” to the ever-increasing ripples from global climate change “could undermine both its own financial viability and the stability of the larger global economy.”