Editor's Letter

Earth Day: An annual call to action for the insurance industry
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.
Insurers are increasingly worried that rising temperatures will lead to a slump in property values that could spark broader financial turmoil.
Those were the conclusions a group run out of the University of Cambridge including some of the world’s biggest insurers. In a report published Friday, ClimateWise said that an increasing catastrophes linked to climate change could triple losses on property investments over the next 30 years.
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