Challenging Warren Buffett on Climate Change and Insurance
Professor Tom Lyon, writing in The Guardian, isn’t buying the famed investor’s argument on how climate change will affect the insurance industry.
Warren Buffett’s recent letter to Berkshire Hathaway shareholders notes the dangers of climate change, but also says it creates opportunities for insurance companies.
Michigan Ross Professor Tom Lyon, writing in The Guardian, thinks this argument has a key flaw. Lyon, the Dow Professor of Sustainable Science, Technology and Commerce, professor of business economics, and professor of natural resources, argues the accelerating pace of climate change will make things more difficult for insurers.