Insurers could have been climate heroes. Instead, they have risked a crisis to dwarf 2008

And if private insurers raise rates or pull out, do taxpayers want to assume responsibility for trillions of dollars of damages from climate risks to protect people who choose to live in harm’s way?
— Read on www.theguardian.com/commentisfree/2022/mar/27/insurers-could-have-been-climate-heroes-instead-they-have-risked-a-crisis-to-dwarf-2008

“And if private insurers raise rates or pull out, do taxpayers want to assume responsibility for trillions of dollars of damages from climate risks to protect people who choose to live in harm’s way? ” Too little too late will make GFC look like nothing more than party game.

About groundswellbasscoast

This is on behalf of local climate change group. Material is selected by Bernie McComb and does not necessarily represent opinion of whole group.
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