Market Insights

Intensifying weather events are driving higher losses for insurers
Scientists have built consensus around the probability that more powerful floods, fires, droughts and storms will occur with higher frequency as the Earth gets hotter.
In an unprecedented move, California has become the first state to conduct a climate-related financial risk stress test and analysis of insurance companies’ investments in fossil fuels. The test was issued by the California Department of Insurance (CDI) and Insurance Commissioner Dave Jones.
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