Berkeley Lab research finds the insurance industry paying increasing attention to climate change
The insurance industry, the world's largest business with $4.6 trillion in revenues, is making larger efforts to manage climate change-related risks, according to a new study published today in the journal Science.
"Weather- and climate-related insurance losses today average $50 billion a year. These losses have more than doubled each decade since the 1980s, adjusted for inflation," says the study's author Evan Mills, a scientist in Lawrence Berkeley National Laboratory (Berkeley Lab)'s Environmental Energy Technologies Division. "Insurers have become quite adept at quantifying ...







