A Bloomberg News story today titled "Why Snow, Hail, and Wildfire Are Expensive for Insurance Industry" chalks up massive insurance losses this year to climate change. "Climate change is exacerbating extreme and freak weather events so rapidly that even the insurance industry is struggling to keep up," the story says. "Late last week," it continues, "reinsurance giant Swiss Re AG released its mid-year insurance losses and the figures were the second-highest on … [Read more...]