“Climate Change Is Kicking the Insurance Industry’s Butt,” written by Tim Mcdonnell is about how many insurance companies are dropping policies due to natural disasters. Many costal policies started being dropped because of Hurricane Sandy. Global warming has caused the risk of damage to lives and property to increase because of the increase of natural disasters. Many insurance companies aren’t willing to pay for the damages that this is causing and they aren’t taking many steps to change that. The government is picking up a lot of the costs now that the private insurances are dropping these policies.
Only 9 out of 330 large insurance companies in the United States earned the highest ranking in an evaluation of their climate risk management
