From Insurance Journal:

Today only about 50 percent of the damages in the U.S. caused by extreme weather events are privately insured, according to Ceres.

“The report shows that dealing with climate change doesn’t require large-scale schemes or a total restructuring of our global economy,” said Eli Lehrer, president of the R Street Institute, a nonprofit think-tank that advocates for free market solutions. “The ideas outlined here are the basis of a true ‘no-regrets’ strategy for dealing with a significant problem.”

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