Insurance Industry Report: ‘Main driver’ of rising insurance costs is socio-economic — not global warming

The Hindu Reports:

The study, headed by Falk Niehorster of the Risk Prediction Initiative of the Bermuda Institute of Ocean Science, acknowledged that the main driver of rising insurance costs was linked to socio-economic factors, like a growing number of homes for the wealthy built in coastal areas and flood plains.

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One thought on “Insurance Industry Report: ‘Main driver’ of rising insurance costs is socio-economic — not global warming”

  1. That’s it for the enviros; the MONEY has decided that climate change is not the most important factor in rising insurance costs. As has always been the case, the driver is short-sighted actions of humans with more money than sense.

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