Climate Risk Is Becoming Uninsurable. Better Forecasting Can Help. - The Wall Street Journal
Climate Risk Is Becoming Uninsurable. Better Forecasting Can Help. - WSJ
Oct. 30, 2023 6:52 am ET
A new generation of mathematical modelers might be able to help defuse a looming insurance crisis.
Floods, electrical storms and wildfires, together with raw-material inflation, are pushing up premiums for so-called catastrophe insurance. Some Americans are moving away from riskier places such as Florida, while others are foregoing cover. Insurers such as Allstate, State Farm and Farmers Insurance, owned by Zurich Insurance Group, are withdrawing from disaster-prone areas.
Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Continue reading your article with
a WSJ subscription
Subscribe Now
Already a subscriber? Sign In
What to Read Next
- AT&T: Get the iPhone 15 Pro with titanium with up to $1,500 discount
- Walmart: 20% off your next online order - Walmart coupon code
- Best Buy: Save $1000 discount on iPhone 15 Pro and Pro Max - Best Buy coupon
- TurboTax: Save up to $15 with TurboTax coupon 2023
- The Motley Fool: Epic Bundle - 3x Expert Stock Recommendations
- H&R Block Tax: Get 20% off H&R Block tax software products
Related Knowledge Center: Climate science
What began as a theory in the 1890s — that industrial emissions of carbon dioxide could increase global temperatures — had progressed to a scientific fact a century later. Scientists across a range of disciplines are studying the impact of the still-growing concentration of carbon dioxide and other so-called “greenhouse gases” in the atmosphere as they call for industrial and governmental policies to slow, then halt, the warming of the planet.