Quote of the Day (John Neal, on the Insurance Industry and Climate Change)

“You'll never find an insurer saying, ‘I don't believe in climate change.' The frequency and severity of weather-related losses are exponential. The US had the highest number of convective thunderstorms in 10 years last year, and it's already worse this year.”—Lloyd’s of London CEO John Neal quoted by Rana Foroohar in “Lunch With the FT: ‘You’ll Never Find an Insurer Saying ‘I Don’t Believe in Climate Change,’” The Financial Times, June 15-16, 2024