✉news EnvironmentClimate first seen 7 d ago, last 6 d ago, peak #18
Insurers warn climate change could spark global financial crisis
Original: Climate change could trigger global financial crisis, insurers warn
Insurance industry leaders are warning that climate change could trigger a global financial crisis. Rising losses from extreme weather events such as floods, storms and wildfires are pushing up claims and premiums, potentially destabilising insurers, banks and property markets. Analysts say growing uninsured risks could spread losses through the wider financial system if governments and firms fail to adapt.
Why now: Fresh warnings from the insurance sector about climate-driven systemic financial risk are circulating amid rising extreme-weather losses.
insurance industryclimate changeglobal financial system
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