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You won't believe how far behind the P&C insurance industry is on climate change

A report released by Ceres Insurance Program analyzed 193 P&C insurers and found that a startlingly small amount of groups were leading the way in changing their business model to accommodate for future climate change problems.

By Joseph Jaafari | Updated on November 11, 2014

A report released Tuesday by Ceres Insurance Program analyzed 193 P&C insurers and found that a startlingly small number were changing their business models to accommodate for future climate change problems.  

Only 4% of insurers had an overall leading rating in the survey, and 20% received a “developing” rating, showing that the majority of P&C insurers are not addressing climate change and the associated risks, according to the report.

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