climate change and the insurance industry Climate change and mother nature’s wrath may be putting a bullseye on your possessions, but as flood, tornado, and hurricane prone areas are likely to see losses over the upcoming years, how is the insurance industry going to acclimate?

“A recent industry study found that last year there were 750 major “loss events” like earthquakes, storms, and heat waves, well above the 10-year annual average of 590. Analytics firm CoreLogic has found that 6.9 million homes along the Atlantic and Gulf coasts are at risk of damage from hurricane storm surge that could cost more than $1.5 trillion…” [ Read more here ]

Finance, Insurance and Real Estate in Bedford