Filed Under:, Climate Change

Munich Re: Reinsurers Should Account for Climate Change-Driven Disasters in Pricing

(Reuters) - Reinsurers should take into account the fact that climate change has boosted natural catastrophes when they price weather disaster insurance, insurer Munich Re said.

Climate-driven disasters accounted for $510 billion of insured losses in North America between 1980 and 2011, the highest amount anywhere for claims against natural catastrophes, the world's biggest reinsurer said in a study on Wednesday.

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