Weather Patterns

December 2013
BusinessWest;12/16/2013, Vol. 30 Issue 13, p31
The article focuses on the impact of climatic changes and storms on the insurance industry in the U.S. It is stated that in 2011, there were 12 weather-related disasters in the U.S., resulting in more than 1 billion dollars in insurance claims, that caused insurance companies to raise their rates to recover their losses. It is stated that these storms are caused by global warming, which makes the weather less predictable, and thereby, making insurance outcomes less predictable.


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