Insurance industry bracing for impact from UN climate change report

Insurance Industry - UN Climate Change Report

The most recent report indicated that the situation was worsening far faster than predicted. The recently published UN climate change report has increased concern in the insurance industry, which is watching the heightened risk predictions. Insurers and policyholders are now expecting natural disasters with more frequency and severity. The UN climate change report pointed to increased instances and severity of wildfires, storms, droughts and sea levels that threaten coastal cities. Following this year’s record-breaking wildfires and droughts – with the Atlantic storm season only halfway through – it is far…

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