END OF THE WORLD

Keith Nuthall
INSURANCE companies must brace themselves for exposure to US$150 billion in liabilities from natural disasters linked to global warming, says a new United Nations report, co-authored by industry heavy hitters, such as Prudential and Swiss Re. 'Climate Change and the Financial Services Industry' advises the insurance industry to follow an action plan, to withstand policy payouts for floods, storms, forest-fires and other natural disasters, which it says "appear to be doubling every decade and have reached one trillion US dollars in the past 15 ...


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