CLIMATE CHANGE
Social and economic impact
Scientifically established, yet hotly debated on the political stage, one thing that’s certain is that climate change is bringing with it a host of risks. Insurers, governments, experts, and citizens are coming together to mitigate short-term impacts and discover long-term solutions. Time is short and the implications are massive.
Unprecedented risk and uncertainty
The economic and social impacts of climate change are both potentially massive and incredibly difficult to predict. They test the limits of risk management and modeling capabilities. There is also increasing regulatory focus worldwide on reducing its impacts. We are working hard to understand and address these challenges in cooperation with industry experts, our clients, and the larger global community.
Trial by wildfire: Will efforts to fix home insurance in California stand the test of time?
As the 2020 wildfire season exceeds historical norms, California insurers and policymakers are looking for durable solutions to extinguish the threat of a homeowners’ insurance crisis.
Flood warning: Working to provide better coverage
Parametrics: Insuring for agriculture, livestock & climate change
Milliman climate change insight
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