Insurer Insider: Industry 'Fudging Numbers' on Climate Risk — SkimNews
Get the Energy newsletter
Daily energy & climate — solar, EVs, oil, the policy fights and tech bets shaping the transition. Free.
- An anonymous major insurer employee says the insurance industry is "fudging the numbers" when assessing climate-related natural disaster risk on properties worldwide, from family homes to schools and government offices.
- The insider warns that insurers are taking on more risk than they should, and argues that when a major disaster hits, the resulting catastrophe will have far-reaching consequences across the industry.
Why it matters: An industry insider's claim that risk models are being softened to write more business directly contradicts the public narrative of insurers pulling back from climate-exposed areas — a credibility gap that affects regulators, reinsurers, and policyholders who depend on accurate pricing to know whether coverage will actually pay out when disaster strikes.
Ask SkimNews
