Expert: Better risk pricing could boost climate-change resiliency

07/25/2014 | Insurance Journal

Resilience amid climate change could improve if insurers can do more to price policies according to risk, Insurance Information Institute President Robert Hartwig says. The National Flood Insurance Program, however, has contributed to increased flood risks, Hartwig says. "There are forces in some parts of government that seek to reduce exposure to climate change, and elsewhere in government there are equally powerful forces that seek to maintain the practice of granting subsidies that increase the impacts of flooding," he says.

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