Quote:
Originally Posted by cycleguy55
In geologic terms the insurance industry is pretty young but apparently they're believers in global climate change: Insurance industry aims to reduce huge losses from climate change extremes - Business - CBC News
The insurance industry has been hit by mounting claims from extreme weather, and for years now it has pointed out that the real costs associated with climate change are already with us.
In the past decade, insurers have come to see that the only way to handle the changes ahead is to find ways to limit their costs, according to Craig Stewart, vice-president of federal affairs for the Insurance Bureau of Canada.
"The property and casualty insurance industry has been on the front lines of this," Stewart told CBC News. "For the industry, climate change is a priority. We're working with every level of government to try to impress preparedness." |
That headline does not come from the industry per se. The frequency of violent weather is actually lower in recent years. What is, however, much higher, is the amount of high value real estate and infrastructure in these areas resulting in huge issues. Seems lots of folks fail to realize oceans can be occaisionally unpredictable.
By the way, you sure you want to be quoting government sources, you guys recently elected a snowboard instructor as PM.
Probably still better than our guy.