'Adverse weather': Insurance industry reports record level of payouts as climate impacts bite

James Murray
clock • 3 min read
Credit: iStock
Image:

Credit: iStock

Association of British Insurers confirmed industry paid out £1.4bn during the second quarter, with weather impacts fuelling record level of claims

Insurers paid out a record £1.4bn in claims during the second quarter of the year, according to the latest figures from the Association of British Insurers (ABI), with adverse weather conditions playing...

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

Fossil fuel volatility threatens bleak winter for European economies

Fossil fuel volatility threatens bleak winter for European economies

New study calculates that every 10 per cent increase in oil and has prices pushes up European inflation by up to 0.36 per cent

James Murray
clock 15 September 2026 • 7 min read
Study: Over £18bn of food imports at risk from soaring Mediterranean temperatures

Study: Over £18bn of food imports at risk from soaring Mediterranean temperatures

ECIU analysis reveals how Mediterranean nations that provide over half of some popular imports are seeing agricultural workers hit hard by extreme heat

James Murray
clock 10 September 2026 • 3 min read
Survey: Over 90 per cent of businesses have suffered financial losses due to climate disruption

Survey: Over 90 per cent of businesses have suffered financial losses due to climate disruption

More than three quarters of business leaders claim their sustainability data is insufficient and is yet to be properly harnessed to tackle escalating climate risks

clock 09 September 2026 • 3 min read