Eco properties and insurer risks
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Market Insight 28 July 2022 28 July 2022
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UK & Europe
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Climate Change
The last ten years have been confirmed as the hottest decade on record for the planet. Undeniably, this is caused by climate change. As well as resulting in catastrophic storm damage and fires destroying homes, ten of the most extreme weather events of 2021 alone cost the world US$170billion [1], and 2021’s extreme weather has led to the largest pay-out for insurers in the last ten years [2].
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