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Should Insurance Rates Be Raised With Climate Change Risk?

Posted by America's Report Staff on 07/02 at 01:44 PM
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Insurance companies have incorporated climate change assumptions into their disaster probability calculations, thus withdrawing coverage or charging staggering rates on parts of the US East and Gulf coasts.

According to the Wall Street Journal, there is a scientific consensus about rising sea temperatures, and practically a consensus that the temperature is tied to greater hurricane activity. But, science has not definitively concluded how or if this will impact the US coastal area now facing rising premiums. 




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