As insurers retreat from fire- and flood-prone markets, the industry faces an existential crisis in the form of fiscal failure, mass layoffs and disrepute. (Credit: erika8213/Adobe Stock)
Data scientists and software developers around the globe recognize Hello World as a common way programmers are introduced to coding in a new language. As climate risk comes into sharper focus in the insurance industry alongside the meteoric rise of AI, could Hello World's universality represent more than a coder's simple test phrase?
Consider this: Insurers arguably have never had greater communication gaps or reputational damage to overcome. Last year (2023) marked another one of immense fiscal loss, with natural disasters intensified by climate change greatly to blame. Meanwhile, several major insurers have exited high-risk coastal and wildfire-prone areas.
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