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SunSeeker

(51,550 posts)

3. Insurance companies are concerned because know climate change will cost them massive CA$H.

Reply to ProfessorGAC (Reply #2)

Thu Apr 22, 2021, 04:37 PM

Apr 2021

As noted in the article:

For hazards where confidence of a direct link with global warming is medium/high, such as heat waves, wildfires, droughts and torrential rainfall, we are adjusting our pricing model,” Jerome Jean Haegeli, Swiss Re’s chief economist, said in a statement.

The projections could also influence investments by Swiss Re and other insurance companies, which collectively manage about $30 trillion in assets, according to Mr. Haegeli

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Highlight:

Climate Change Could Cut World Economy by $23 Trillion in 2050, Insurance Giant Warns [View all] SunSeeker Apr 2021 OP

I always look at the real danger as being lack of fresh drinking water ffr Apr 2021 #1

Yes, and the human population is definitely growing. SunSeeker Apr 2021 #7

And, There Is The Lever!!! ProfessorGAC Apr 2021 #2

Insurance companies are concerned because know climate change will cost them massive CA$H. SunSeeker Apr 2021 #3

Agreed! ProfessorGAC Apr 2021 #4

Yup, human misery means nothing to corporations, but money does! nt SunSeeker Apr 2021 #5

My daughter works for the Federal Reserve Bank and they have a climate commission panader0 Apr 2021 #6