Thursday, March 01, 2012

Insurers See Growing Risks and Costs from Climate Change - Newsroom: Bernie Sanders - U.S. Senator for Vermont

Property and casualty insurers in the United States experienced an extraordinary estimated $44 billion in losses last year when hurricanes, droughts, tornadoes and other natural disasters were more severe, longer, more frequent and less predictable than in the past. "From our industry's perspective, the footprints of climate change are around us and the trend of increasing damage to property and threat to lives is clear," said Franklin Nutter, president of the Reinsurance Association of America.

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