Extreme weather wreaks $25bn of damage for insurers in 2015

Madeleine Cuff
clock • 2 min read

Weather events such as hurricanes, floods and storms caused 94 per cent of all natural disaster insurance claims last year, according to Munich Re analysis

The climate change challenge facing insurers was starkly highlighted yesterday with the release of new data revealing extreme weather events cost insurers more than $25bn in claims last year. Insurers...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Risk

Study: Businesses that recognise nature-related risks can seize 'first mover advantage'

Study: Businesses that recognise nature-related risks can seize 'first mover advantage'

Boards that fail to recognise costs arising from nature impacts are exposing themselves to significant financial and strategic risks, report warns

Stuart Stone
clock 02 June 2026 • 4 min read
What goes up, won't come down: Why UK food prices are likely to remain high following Iran war

What goes up, won't come down: Why UK food prices are likely to remain high following Iran war

ECIU analysis warns extreme weather caused by climate change and geopolitical tensions could drive up food prices 'indefinitely'

clock 26 May 2026 • 5 min read
'Reclaim the rain': Could England's taps run dry?

'Reclaim the rain': Could England's taps run dry?

More effective rainfall management and nature-based solutions will prove crucial to delivering more climate resilient water supplies, cross-party committee warns

Stuart Stone
clock 21 May 2026 • 5 min read