The current economy and urban infrastructure of the U.S. must be “climate-proofed” for resiliency, said panelists at a major climate-change panel that included speakers from insurance, business and government organizations.

“In 2012 the impacts of severe weather cost the global economy some $160 billion, with only $70 billion of that being covered by insurance,” said Philip Ryan, chairman of Swiss Re Americas, a founding sponsor of Climate Week. “As experts on risk, everything we see points to the inescapable fact that climate change is something which we simply cannot ignore.”

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