For years the insurance industry has debated whether climate change is real and the cause of increasingly severe and numerous weather-related catastrophes, or political hype designed by various environmental and regulatory bodies to force emissions control and reform.

Today, insurers are still playing a game of climate-change "connect the dots." For example, consider the scientific fact that ocean temperatures are rising. Played forward, arguments still ensue over whether the rising temperatures are the direct result of an increase in greenhouse gases, solar activity or the earth's reflectivity. These discussions lead to more uncertainty: Are the rising temperatures directly responsible for the increase in weather-related catastrophes?

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