More frequent and violent storms are creating new risks to the insurance business and causing rates to soar and business to leave some markets all together due to unmitigated risk of damages.
Now the treasury department is investigating to “assess the potential for major disruptions of private insurance coverage in regions of the country that are particularly vulnerable to the impacts of climate change,”
Owners in Florida pay 3x the national average even before Hurricane Ian this year and six insurers have gone insolvent and left the market after canceling customer policies and leaving them with options.
Climatility analytics is designed to assess how you can better weather such climate related impacts and minimize your risks. Reach out to see how we can deliver insights to your business.
#climatechange#analytics#insurance
“CNN — The Treasury Department announced on Tuesday it is launching an assessment of worsening extreme weather and its impact on the cost of insurance.”
Climate Tech Blog 