The Senate Committee on the Budget has held twenty hearings on the economic effects of climate change. In this final hearing three experts from the insurance industry testified about the relationship between non-renewal rates and climate change. Among them was Dr. Hartwig, a professor of finance at the University of South Carolina. Dr. Hartwig stated in his testimony, “The insurance industry is not in the midst of a climate-driven crisis nor is it about to ‘fall.'” and analyzed different factors that are affecting non-renewal rates. To listen to his testimony, click here.