What are insurance companies saying about climate risk?

What are insurance companies saying about climate risk?

With the bushfires blazing in the Blue Mountains, insurance costs are  becoming a hot issue. One report in the Newcastle Herald estimated the total  cost of damage at $138 million. Insurance is an important risk management  measure for households and businesses. The availability and cost of insurance  are being affected by the recent events like the Queensland floods and Victorian  bushfires, which are linked to climate change.

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Climate Risk Attenuation

Climate Risk Attenuation

In working in the dynamic field that is adaptation to climate change, it is  often exhausting trying to navigate the politicization and media coverage of the  ‘big CC’, and encourage stakeholders in various industry contexts to  ‘proactively’ adapt. It often gets me thinking though, when will climate risk  become a component of the traditional risk profile for corporations? Isn’t it  inevitable?

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