But, as reflected in today's headlines, the impact of climate change is significant and affecting corporate decisions--and the lives of ordinary citizens--now. As reported by the New York Times, "the largest homeowner insurance company in California . [due to] the effects of climate change." Insurance companies have considerable expertise in assessing risk--and many have now concluded that the risk created by climate change is sufficiently acute to necessitate changes in their business practices. Companies are already beginning to incorporate the impact of climate change, and the risks associated with climate change, into their economic decision-making, as evidenced by these latest publicly-reported decisions by insurance companies.

Source: New York Times June 06, 2023 12:12 UTC