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Insuring for a Hurricane
Insurance is a risky business, and as climate scientists predict another active hurricane season, insurers are leaving coastal property owners high and dry. Premiums are skyrocketing and coverage is being cut as insurers try to calculate the odds of getti
The last two deadly hurricane seasons set records for frequency, intensity and damage, but this year is expected to be as bad or worse. Living on Earth’s Bruce Gellerman reports that insurance companies are using sophisticated models to hedge their bets and determine if global warming is playing a role.