A recent post examined the proportion of climate scientists that support the anthropogenic causes of climate change. One topic brought up was the potential impact on the insurance industry. Potential shifts in rainfall, more severe storms, and prolonged droughts – like those witnessed this summer in Texas – cause damage to assets such as crops, homes, and property. As was seen throughout the previous decade, hurricane insurance in Florida led to a major undertaking for the state as it attempted to reconcile intense storms with fiscal well-being of its residents. Will relatively cheap insurance quotes still be available in a world affected by climate change?
Shifts in the climate have also led to the rise of Re-insurance. As noted last year in a post by Matt de la Houssaye








