NU Online News Service, Feb. 21, 2:16 p.m. EST

Insurers are shifting the cost of risk to consumers and taxpayers, side stepping their traditional role of risk-takers and becoming experts at risk-avoidance, according to a report from the Consumer Federation of America.

The study titled, “The Insurance Industry's Incredible Disappearing Weather Catastrophe Risk,” asserts that insurers are shifting the cost of risk away from the industry onto consumers and taxpayers, a point strongly disputed by industry experts.

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