Weather Patterns

Bieck, Christian; Notestein, David A.
February 2010
Best's Review;Feb2010, Vol. 110 Issue 10, p54
Trade Publication
The article discusses the impact of climatic change on insurance firms in the U.S. The authors mention that weather changes, such as intense typhoons, hurricanes and heat waves, will likely increase property and casualty claims, putting insurers at risk of potential increase of losses. To mitigate its impact, they suggest that these companies should become active in loss control and engineering, develop new products and services, and improve their risk management schemes.


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