Winds of Change Present New Challenges

  Friday, October 3rd, 2003 Source: National Association of Mutual Insurance Companies

“We haven’t had a winter like this in 30 years.” “Will this rain ever end?” “Hot enough for you?” Everywhere we go — the office, church, the hair salon, or just walking down the street — people talk about the weather. Increasingly, though, weather dominates discussions at corporate headquarters, not just at the water coolers, but in boardrooms, as well. For insurance professionals, the conversations have moved beyond the casual. Underwriters, CEOs, finance professionals and other insurance experts are studying weather variations and considering the range of risks they might face in the not-too-distant future as a result.

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