Nov
The Cost Of Global Climate Change
Higher insurance prices. Major U.S. insurers are growing increasingly skittish, and some have dropped home insurance policies in Atlantic and Gulf Coast states after paying out about billion during the last few years in response to Hurricanes Katrina, Wilma and Rita. Swiss Re, one of the world’s largest insurance firms, reported that the insurance cost of natural disasters nearly doubled between 2004 and 2005 alone (up to 5 billion from 8 billion).