The insurance industry is one of the few major economic sectors that has fully realized the perils of inaction in combating climate change. Reinsurers, especially Swiss Re and Munich Re, employ staffs of scientists full time to analyze the problems and find solutions. However, the industry can’t do it alone. If Stern’s report is dismissed as a Cassandra like prophecy of doom, and no action is taken, not only will the industry be hard pressed to survive, but also the entire planet. Cite.
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