Some actions are clear: Communities can update building codes, so structures are more resilient against catastrophic weather events.
We also feel a very real sense of responsibility to help our customers, and the communities we live in and serve, to prepare for the ongoing impacts of climate change.
And when called to action, we know we provide a sense of security and the hope of recovery. We work hard to provide accessible and affordable products, which are foundational to a sustainable economy. Those of us in the insurance business take our jobs seriously. Just this year we’ve seen events that span from winter storm Uri, which knocked out electricity to more than 5.6 million power customers, to wildfires in the West that already have burned over 6 million acres, and the devastation caused by Hurricane Ida across the Southeast and Northeast, with preliminary estimates of insured loss for Ida ranging from about $25-$45 billion. We offer and price policies based on a thorough assessment of risk, and climate change is significantly impacting this risk, no matter where you live. We offer and price policies based on a thorough assessment of risk, and climate change is significantly impacting this risk, no matter where you live.Despite what we know and continue to learn, climate change remains a challenge for the insurance industry. And when extreme weather causes damage to their cars, homes and businesses, we make good on that promise to give them peace of mind. This has a profound effect on our customers, for whom we’ve promised to be there when they need us most. And, unfortunately, the immeasurable pain, suffering and loss of life. Towns that face tremendous difficulty rebuilding when their local supply chains experience disruption. Families upended from their homes because of contaminated floodwaters or roofs damaged beyond repair. We see the impact they have on the lives and livelihood of families and entire communities. We see the threats they pose to people and the devastation they leave behind. To mitigate the growing risks we’ll face, we need to pair a focus on reduction in emissions with a greater emphasis on building resilient communities.Īfter all, in the insurance industry, we have a unique, front-row seat to extreme weather situations. The science tells us the future holds more intense weather patterns and systems. Climate change is a critical conversation for the financial services sector, and in particular, the insurance industry.
0 kommentar(er)
