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Insurance companies have the power to foil the next Hurricane Sandy

By Quartz Staff


A link from Wired

Insurance companies have a long history of lobbying for safety measures. “With the recent proliferation of extreme weather events — most recently Hurricane Sandy — some industry watchers say it’s time for insurers to once again lobby for big changes, this time to mitigate disasters tied to global climate change.” This could mean moving homes, changing what crops farmers grow, or moving electrical equipment. The insurance companies clearly have incentive to make these changes, but have been criticized before for being slow to react.