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Insurance Industry Embraces Climate Change

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Expect a slow, gradual acceptance of climate change, even in the most die-hard circles.

Why?  Because one of the most powerful and successful sectors of the economy, the FIRE sector is losing money.

FIRE stands for Finance, Insurance and Real Estate.  The "Insurance" part of that sector pays for damages due to weather related events, including catastrophies.  

For some, bizarre reason, those costs are skyrocketing.  And the insurance industry is being forced to notice it as their bottom line is being affected.

Climate Change: Insurers Confirm Growing Risks, Costs
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