Insurance industry looks to update risk models as climate risks escalate

Insurance industry looks to update risk models as climate risks escalate

With 2020 shaping up to be one of the hottest years on record, the insurance industry, already hobbled by the coronavirus pandemic, is bracing for another wave of insurance claims. If 2019 is any guide, economic losses from climate-related disasters could top $137 billion, according to figures from insurance company Swiss Re. “The severity of […]