NU Online News Service

A global temperature spike of 7.2 degrees Fahrenheit (4 Celsius)on average would increase insured flood losses in Great Britain 14percent and Chinese typhoon losses 32 percent, a study hasfound.

If that occurred it could lead to more expensive and harder toobtain insurance worldwide, and in the United Kingdom, theAssociation of British Insurers (ABI) said, commenting on a reportyesterday by catastrophe risk modeling firm AIR Worldwide and theMet Office, the UK National Weather Service.

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.