Wingnuts May Not Believe in Climate Change, But Insurance Companies Sure Do
Ugh, unwashed godless free market-hating ecoterrorist hippie cabal "the insurance industry" is whining about global warming, according to this press release just in from Bernie Sanders' office. Oh just go make out with a bunch of dolphins, brainwashed hippies:
Property and casualty insurers in the United States experienced an extraordinary estimated $44 billion in losses last year when hurricanes, droughts, tornadoes and other natural disasters were more severe, longer, more frequent and less predictable than in the past. “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.
According to Swiss Reinsurance Company Ltd., the average weather-related insurance industry loss in the U.S. was about $3 billion a year in the 1980s compared to approximately $20 billion annually by the end of the past decade. “A warming climate will only add to this trend of increasing losses, which is why action is needed now,” said Mark Way, head of Swiss Re's sustainability and climate change activities in the Americas.