Property and casualty insurers are on the financial “front lines” of climate change and its impacts. As a result, a small group of insurance groups have laid out plans for how their companies will deal with the problems that are expected to accompany stronger storms and rising sea levels.
That's the good news.
The bad news is that the majority of insurers are still not only unprepared, they’re down-right scaling back operations in this area, according to a new report from Ceres.
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