From Climate Central's Andrew Freedman:
Following a damaging episode of extreme weather, communities turn to insurance companies to help them rebuild, but with costly extreme weather and climate events on the rise as the climate continues to warm, insurers may stop coming to the rescue, a new report warns.
The report from Ceres, a nonprofit group that advocates for sustainable business practices, calls attention to the threat that extreme weather events pose to the sustainability of the insurance industry, which has been hit hard by record-breaking extreme weather in recent years, on top of lower profits due to other reasons.
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