Reinsurers Are Massively Downplaying Their Climate Risk, S&P Says
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It can be a headache to deal with an insurance company...just ask your insurance company.
On Thursday, ratings agency Standard and Poor's said reinsurers — companies that insure insurers from the risk of major claims — are underestimating their exposure to natural disasters by up to 50%, and it could soon threaten their capital holdings.
Source Fool.com
