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Insurance industry leaders went before Congress on Friday to ask for increased federal support for the costs of destructive global warming.From their perspective, there is no question whether or not climate change is real.
Here are some quotes posted by Insurance Networking News:
“From our industry’s perspective, the footprints of climate change are around us and the trend of increasing damage to property and threat to lives is clear,” said Franklin Nutter, president of the Reinsurance Association of America.
Cynthia McHale, the insurance program director at Ceres, issued a more unequivocal statement: “Our climate is changing, human activity is helping to drive the change, and the costs of these extreme weather events are going to keep ballooning unless we break through our political paralysis, and bring down emissions that are warming our planet. If we continue on this path, extreme weather is certain to cause more homes and businesses to be uninsurable in the private insurance market, leaving the costs to taxpayers or individuals.”
Last year saw a record 14 natural disasters causing more than $1 billion in damage each.
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