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Climate Change Causes Insurers to Rethink Price of Risk

Climate Change Causes Insurers to Rethink Price of Risk After Hurricane Sandy

11/21/2012

PBS News Hour

Climate Change Causes Insurers to Rethink Price of Risk

Clip: 11/21/2012 | 8m 2s

Climate Change Causes Insurers to Rethink Price of Risk After Hurricane Sandy

The insurance industry looks at historical data, old and new, in order to assess the risk for potential disasters and put a price on premiums. But when Sandy hit the Northeast, some insurance companies reconsidered if they priced insurance high enough for the greater risks brought on by climate change. Paul Solman reports.

11/21/2012

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Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...

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