Six Things 10.04.22

Six Things 10.04.22

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Is Hurricane Ian a Turning Point?

Paul Carroll, Editor-in-Chief of ITL

Although it will take weeks and months to sort through the wreckage of Hurricane Ian, as the insurance industry helps the victims recover as best we can, one thing already seems clear, and it should finally mark a turning point in how we prepare for such mammoth storms.?

Ian makes it increasingly hard to deny that climate change is dangerous in the here and now. People will still argue about just how severe the effects will be in 2035 or 2050 or 2100 and will debate how much we should spend now to avoid those problems. But the climate-related acceleration of Ian into such a massive hurricane will force more people, even now, to confront hard choices about where they live, because more such behemoths are surely coming. And insurers will need to adapt.

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