How Climate Change Is A Health Insurance Problem
U.S. health insurers are in a state of denial about climate change
Ciara Linnane, October 20, 2016 (MarketWatch)
“The biggest health insurers in the U.S. show little understanding or concern about the risks to their business posed by climate change, even though warmer winters and springs are already causing spikes in conditions such as allergies, asthma and Lyme disease…[A survey of the 148 largest insurance companies in the U.S. on their response to climate risks, including severe weather events, found] that while property and casualty insurers and life and annuity insurers have made some progress in engaging with climate change and attempting to evaluate the risks to their business, health insurers appear to be in a state of denial…The companies were evaluated on five core themes, including governance, climate risk management, the use of catastrophe modeling or other modeling to evaluate and manage risk, greenhouse gas management and stakeholder engagement…Not one health insurer earned a high quality ranking and only four garnered medium quality ratings, while 89% were low quality or minimal. Yet health insurers are facing serious exposure to some of the worst climate trends, namely the impact on human health and well being…” click here for more
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