Richard R LeeThe basis for all P&C Insurance is the notion of #PriceToRisk. When #ClimateRisks rise, so do premiums and deductables (much less coverage limitations e.g. #CatRisk …). #Frequency #Severity #Intensity are the triad of #Claims activity. It is the baseline for #Underwriters who set #InsuranceRates (which are approved by #Regulators). @gwagner
#Frequency - #Severity - #Intensity of major loss events; All increasing exponentially due to the #ClimateCrisis. Insurance #underwriters #PriceToRisk. Do the math folks.