The $5 trillion global insurance industry‘s natural disaster problem

Extreme weather events are becoming more frequent, and more .

According to one estimate, natural disasters caused about in damage across the world in 2017. And insurers had to pay out a record $138 billion. The plays a huge role in the U.S. economy. Insurance spending in 2017 made up about .

So, how will insurance companies remain profitable in an era of climate change? And what does that mean for the rest of us?