WION Climate Tracker: Insurance companies face $120 billion loss due to climate change| English News

The insurance industry is struggling to adapt to a new normal in which losses fueled by climate change are now regularly exceeding $100 billion a year. Insured losses from natural disasters hit about $120 billion in 2022, most of which was weather related.

#Insurance #ClimateChange #WIONClimateTracker

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[NachoCheeseHotCake]

Good! That's what they're SUPPOSED to be doing! Hence the term "insurance". It was never THEIR money, that's kind of the point!

[WilliamPriceKing]

With all the money we pay and all the money insurance companies make, no one is going to cry if they have a loss.

[MrCODEmaster]

Very upsetting. Can they not implement mass garbage burning strategies when hurricanes are approaching certain areas? At least the emissions would deter the hurricane.

[kannanayagam]

The whole point of insurance company is to help people during disasters ... why they are crying

[cc]

Did the insurance companies lose big with the rising death rates, too?

[Stringray]

Who told the change should start from people it can easily avoided by governments but they won't. All they want is money

[Stringray]

Money can make your generation survive but not the future generations

[BillyTheKidCENTURION]

We have been lied to. There is no "Climate Crisis". Open the door, walk outside and breathe deeply, smile, and then take a kid fishing :)

[settinsun]

Insurance companies do not lose all claims are lId off on the stock exchange..
Via packaged investments