Expert: U.S. must guard economy, infrastructure against extreme weather

09/26/2013 | PropertyCasualty360

The U.S. needs to pursue greater resiliency of its economy and urban infrastructure against extreme-weather risks associated with climate change, said Philip Ryan of Swiss Re Americas. "In 2012 the impacts of severe weather cost the global economy some $160 billion, with only $70 billion of that being covered by insurance. As experts on risk, everything we see points to the inescapable fact that climate change is something which we simply cannot ignore," Ryan said.

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