Climate change and insurance in the United States

The effects of climate change on extreme weather events is requiring the insurance industry in the United States to recalculate risk assessments for various lines of insurance. From 1980 to 2005, private and federal government insurers in the United States paid $320 billion in constant 2005 dollars in claims due to weather-related losses while the total amount paid in claims annually generally increased, and 88% of all property insurance losses in the United States from 1980 to 2005 were weather-related.

Source: Wikipedia — Climate change and insurance in the United States (CC BY-SA 4.0)