Wake in the News

Insurance premiums to become costly because of climate change

May 8, 2019   |  Digital Journal

According to a new insurance industry survey, actuaries ranked climate change as the top risk for 2019. This could result in an actuary suggesting the use of better planning when building in flood-prone areas or building more resilient infrastructure designed to withstand anticipated sea level rise, according to Robert Erhardt, associate professor of statistics at Wake Forest. Premium adjustments are already being put into place in regions around the world facing increased extreme storm systems, brought on by climate change.

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