Climate Change Causes Insurers to Rethink Price of Risk After Hurricane Sandy
PBS NewsHour: JEFFREY BROWN: And next, we continue our coverage on the impact of superstorm Sandy — tonight, lessons being learned and how insurers are preparing for the future.
NewsHour economics correspondent Paul Solman has the story. It’s part of his ongoing reporting Making Sense of financial news.
PAUL SOLMAN: Manhattan’s totally unprepared South Street Seaport sustained some portion of the $50 billion in losses from Sandy, only $20 billion or so insured, a shock to most folks, but not to the insurance…
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