"The insurance industry is facing the climate challenge head on," said Nina Seega, research director of sustainable finance at the Cambridge Institute for Sustainable Leadership. (Credit: EvgeniyQW/Adobe Stock)
(Bloomberg) — When it comes to climate impacts, the frontline of the finance industry is insurance. Last year's payout from damages caused by extreme-weather events totaled some $120 billion — about the same as the economic output of Kenya. And that's a 50% increase over the previous decade's average.
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