The newest climate change true believers? Insurance companies

By Felicity Duncan

There are people out there who refuse to believe in climate change. Despite mounds of evidence and a general scientific consensus, they maintain the whole thing is a hoax. But one group can't pretend to ignore reality: insurance companies.

Insurance companies charge premiums based on risk models. Risk models estimate the likelihood of events ranging from early deaths for individuals to catastrophic floods and fires in cities. Unfortunately, in the last few years, their models have proven woefully inadequate as so-called 100-year floods happen annually and wildfires grow to sizes never before imagined.

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