The most vulnerable assets are falling into climate 'protection gap' - and insurers could end up being blamed

Madeleine Cuff
clock
The most vulnerable assets are falling into climate 'protection gap' - and insurers could end up being blamed

Extreme weather means value of uninsured losses due to climate change have quadrupled since the 1980s

The insurance sector is struggling to manage escalating risk for society as the cost of climate change begins to bear down in the form of more frequent and severe weather events, insurers warned yesterday....

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech developments
  • Stay in the know with our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Tap into our extensive archive of exclusive articles, news, analysis and guides
  • Choose from 3 paid membership levels or start a 7-day no strings trial

Join now

 

Already a BusinessGreen
member?

Login

More on Risk

Feeling stressed? Bank of England warns climate risks to become 'persistent drag' on profitability

Feeling stressed? Bank of England warns climate risks to become 'persistent drag' on profitability

A top HSBC executive may have downplayed the threat posed by climate risks, but the Bank of England's new stress test exercise suggests financial firms' profits would be hit

James Murray
clock 24 May 2022 • 8 min read
The 2018 Woolsey wildfire in California burned 96,949 acres of land, destroyed 1,643 structures, killed three people, and prompted the evacuation of more than 295,000 people | Credit: iStock

'Inaction is a far costlier choice': How 3C of climate warming could cost global economy $178tr

While unchecked global warming could knock 7.6 per cent off GDP, net zero could boost global GDP by 3.8 per cent, according to Deloitte

Michael Holder
clock 24 May 2022 • 6 min read
Credit: iStock

'Wildly irresponsible': How top banks could be risking billions on the petrochemicals industry

ClientEarth and FairFin claims world's top banks are exposing themselves to major stranded asset risk by backing major petrochemicals projects

Michael Holder
clock 23 May 2022 • 3 min read