Exposure or Climate? (Jan. ’25)

On the matter of climate vs. exposure driving insured property losses, our latest Briefing included a limerick (1st time in 13 years!). For context, we observed that editors/writers in the commercial press freely attribute all storms to climate change. Apparently, the topic came up at a recent US Senate Budget Committee following release and review of a federal report on property insurance.

Editors assume all climate is real,
But that misstates how we feel.
At the end of the day,
people move into harm’s way.
From rising losses, we all reel.