Climate Change and the Insurance Industry

The effect of climate change on the insurance industry is something we have been talking about for several years. With the increasing frequency of severe storms, tornados, and floods, insurance companies are increasingly struggling to provide profitable coverage for their clients.

A recent New York Times study revealed that homeowners insurance was unprofitable in 18 states last year, which is up from eight states in 2013.

Jeff was recently interviewed at our NYSE studio about this troubling trend. How will insurance companies stay profitable in the future? And how will all of these dramatic changes tie into the mortgage and auto insurance industries?

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