Industry
Climate crisis could make insurance unavailable, industry insiders warn
Growing risks from wildfires, floods and storms driven by climate change could leave more areas unable to secure insurance, according to a warning cited in a report by Inside Track, a group of senior UK and European insurance experts. The report says insurers are responding by sharply raising premiums, cutting coverage for high-risk perils and halting supply in certain regions or industries. It warns uninsured property could undermine real estate values and mortgage markets.
