Global warming could raise risks in the future."The sea level has already risen on the East Coast in the last century, and it's expected it will continue to rise," Linkin says. "I think insurers have to be aware their risk landscape is going to change." Rising sea levels bring higher storm surges and increased flooding risk when hurricanes make landfall. Computer simulations of climate change suggest that dry areas will get less rain, and wet areas will get more, Linkin says. That will lead to more flooding in some parts of the country and more droughts in others. The drought that created ripe conditions for wildfires in the West this year was the worst since the Dust Bowl, Linkin says. But such droughts could become more common -- more like 1-in-20 or 1-in-10 year events, versus 1-in-75 or 1-in-100 year events.