Feeling The Heat: Dealing With The Impact Of Climate Change
Mondaq Business Briefing › United Kingdom Law Articles in English (2007)
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Feeling The Heat: Dealing With The Impact Of Climate Change
Climate change could significantly increase premium prices, reinsurance costs and solvency requirements. Ultimately, it could stretch the limits of insurability.
'It is no longer a question of whether the earth's climate will change, but rather when, where and by how much', said Robert Watson, Chairman of the United Nations Intergovernmental Panel on Climate Change (IPCC).1While views on the scale and implications of global warming and other aspects of climate change naturally vary, what is certain is that insurers will be at the frontline of any financial impact. The difficulties of anticipating and managing the effects of climatic instability were highlighted in the US in 20...See the full content of this document
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