With the increase in floods, fires, and storms, the climate crisis could become the next time bomb for the financial system, warns actuary Arthur Charpentier in an op-ed in Le Monde. Faced with the increasing frequency of natural disasters, insurers have already sounded the alarm: climate change has become a major economic risk. Yet the banking world continues to ignore the warning signs while continuing to provide massive financing to fossil fuel industries. This paradox could precipitate a new global financial crisis, the contours … <a href=“https://freakonometrics.hypotheses.org/82455 …