Climate change poses new risks, but insurance can help mitigate global disaster losses.
Climate change is a big deal because it brings extreme weather like heat waves and hurricanes. The insurance industry sees it as a new risk because it's hard to predict. Burning fossil fuels like oil and coal is the main reason for climate change. We need to change how we think about and manage risks to deal with it. Climate change is making new risks and changing the ones we already have. This is important for things like natural disaster insurance.