A new report released by Boston-based Ceres finds that nearly 90 percent of insurers lack a comprehensive plan to address climate change, and fewer than 50 percent of them see it as a likely source of financial losses. "Climate change exists, it's happening, it's going to have an impact," Washington state Insurance Commissioner Mike Kreidler said in a phone interview. "It has the potential of being a real game changer" for investments and underwriting. Ceres said the survey was developed by the National Association of Insurance Commissioners. Related Story: USA TodayRead Story
Committee Call - February 28
Storm Tracker: How will more frequent and more severe weather be handled in insurance underwriting and pricing?