A new GAO Report tells us that unlike private insurers government insurers are not planning for the risks of climate change.
Major private and federal insurers are both exposed to the effects of climate change over coming decades, but are responding differently. Many large private insurers are incorporating climate change into their annual risk management practices, and some are addressing it strategically by assessing its potential long-term industry-wide impacts. The two major federal insurance programs, however, have done little to develop comparable information.
This would seem to put some of my free market friends who continue to believe that global warming is a leftist hoax in something of a bind. Is climate change real or are government regulators wise and farsighted?