because climate-related disasters play such a big role in making insurance expensive, this disconnect also reinforces complaints many people have about the Fed’s approach to growing climate chaos — which is, lately, to plug its ears and ignore it.
because climate-related disasters play such a big role in making insurance expensive, this disconnect also reinforces complaints many people have about the Fed’s approach to growing climate chaos — which is, lately, to plug its ears and ignore it.
And yet insurance premiums are higher than ever, and the industry is rolling in record profits.
https://www.justice.org/resources/research/insurance-industry-is-quietly-making-record-profits