Costly climate change is forcing insurers to get creative | FT Rethink

So Lee, what are we here to talk about today. Extreme weather is forcing insurers to make big changes to their business model and get more creative. So what impact might that have.Insurers have had to pay out more than hundred billion dollar a year in natural catastrophe losses every year this decade. This year has already seen heavy insured losses with January's wildfires in LA costing the industry 30 to40 billion. LA is just one of many destinations where residents are moving into harm's way.In the US, pe ...