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Climate change altering insurers' risk assessment: Geneva think tank
2013-06-24 15:34:00| Climate Ark Climate Change & Global Warming Newsfeed
Hindu: The study also acknowledged that socio-economic factors, like a growing number of homes for the wealthy built in coastal areas and flood plains, drive up insurance costs Climate change is creating more frequent and more unpredictable extreme weather events, forcing insurers to change their assessment criteria for the risk of natural disasters hitting a specific area, the Geneva Association think tank said on Monday. "Traditional approaches, which are solely based on analysing historical data,...
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Category:Electronics and Electrical