With a warmer and wetter climate in Vermont’s future, severe weather events are projected to increase in frequency, and the property and casualty insurance industries may face new challenges as a result, says a report issued Monday by the Vermont Department of Financial Regulation.Michael Pieciak, the department’s commissioner, said he hopes the report will spur conversations involving the state’s insurance industry, but he also highlighted how findings could affect everyday Vermonters.Pieciak said severe w … (read more)
