Markets heat up for US insurers responding to global climate change

In the US and abroad, there is a growing acknowledgement of global climate change and the potential increase in personal and commercial risks as a result. Climate change is a hot button topic in politics, evoking arguments between the right and left. Insurance companies have thus far indicated a preference to avoid controversies over energy policy, but insurers—including reinsurance companies that bear the ultimate risk—cannot afford to feign ignorance over the impacts of climate change primarily on property and casualty risks.