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© Thomson Reuters 2021.Japanese insurers struggle to pinpoint climate change cost estimates
By Leika Kihara and Takahiko Wada TOKYO©2025 GPlusMedia Inc.
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virusrex
Climate change evaluation is quite reliable at predicting trends at big scales, but for insurance companies the devil is in the details, and there is no way to make predictions so elaborate, so far in the future, at the scale necessary for them to conduct their business. Specially because human action could still ameliorate a lot of the problems. They will have to bet with the available data and hope for the best.
Sven Asai
No, that’s an impossible task, also for insurers. lol
FruitDude
lol no it's not. Doomsters have been predicting the end of the the world and the human species due to climate change for decades. Remember: New york should be under water and the poles should be gone by now... according to the so reliable predictions.
kurisupisu
One thing is certain-insurance premiums go up, not down!
fxgai
Oh so according to insurers, there is uncertainty?
Didn’t they get the message that the science is settled and climate change is an existential threat?
Now I’m confused, should I trust these bean counters or the climate folks who claim earth is turning into Mars?