Insight and inspiration in turbulent times.
What does it say when the risk-takers see potential damages as too high to cover even with premium increases? It doesn’t take a genius to figure the problem will only get worse as Earth’s rate of warming increases and the price tags of climate-related disasters rise.
Insurance is a cornerstone of modern industrial life. Without it much of the daily activity of society would come to a halt. Climate change is threatening the viability of insurance arrangements as it brings on ever more destructive weather.
For some reason people and governments have chosen not to insure themselves (individually or collectively) against two catastrophes that have been much in the news lately: pandemics and large investment losses.
