It seems that our world is changing. Scientist believe that global warming is affecting weather patterns in frequency of storms, fires and perils that a typical insurance policy should cover.
Regardless of our views on climate change, Insurers will certainly be keeping a close eye on reports regarding climate change.
It may be fair to say that insurers may also revisit their pricing and wording to compensate for change. Have you weighed up the weather risk associated with where you live? What does your Insurer offer???
Click the Insurancenews.com link below to read more about La Nina and El Nino events and how it is effecting the world’s climate change.