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Game changer

August 29, 2013

The insurance industry  is getting better at developing models to incorporate risk of extreme events under climate change.

A 2011 report looking at climate risk exposure by insurers, points out:

There’s irony in issuing a warning of unseen risk to an industry literally built on assessing, modeling and mitigating risk. But climate change is a game-changer no less for insurers than it is for farmers, businesses with global supply chains and residents of the lengthy list of affected regions.

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