Catastrophic weather events are bad for business.
Which prompts New York Times economics reportor Eduardo Porter to ask:
And if insurers are worried, then the reinsurers–the people who back up primary insurers–have reason to worry too.
The whole article is interesting, but I struck by the potential for alliance-building across politicized lines.
Here it is: For Insurers, No Doubt on Climate Change
But take a look at how the headline is slightly different in the browser bar and link:
Insurers Stray from Conservative Line on Climate Change
See that? This alternate headline zeros in on the point in the article that there are growing interests on the Conservative side of American politics for dealing with climate change. People who think, like I do, that human-caused climate change is the top issue for humanity. And business.
Now, this is still the “Money” argument for climate change action. “It’s in our best interests financially to do something about it, sooner than later.”
My preference is for the “Morals” perspective. “Let’s work together on climate change because it’s the right thing to do for humanity and the species we share Earth with.”
But honestly, I don’t care how we get to climate change common ground.
It’s a pretty good idea, actually to have people in the room who know how to assess, calculate and monetize risk.
Bring on the bankers and insurance professionals and let’s work together.