Insures say skyrocketing premium rates and increased deductibles are in part the result of climate change, which has resulted in extreme weather events and increasing losses, and much of the media coverage appears to be peddling that narrative.
But the data on weather trends shows little evidence that the frequency or intensity of storms is increasing. And critics say the combination is part of a much larger issue related to the lack of skepticism and curiosity in climate reporting.
Insurers say that they’re having to adjust to changing conditions to remain profitable. Among the problems they blame is inflation, rinsing construction costs, and costs associated with regulatory compliance. But many insurers are also blaming climate change for driving extreme weather events and increasing losses, and much of the media coverage is zooming in on this narrative.
However, the data on weather trends shows little evidence that the frequency or intensity of storms are increasing, and critics say it’s a symptom of a much larger issue with a lack of skepticism and curiosity in climate reporting.
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