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Big Insurers Brace for Perilous Future as Climate Risks Escalate

  • Munich Re warns disaster insurance may become too expensive
  • Swiss Re says parametric policies one solution to super storms
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The Coming Storm of Climate Change

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After one of the worst Atlantic hurricane seasons in history, the world’s biggest insurers say the industry needs to get its act together if it wants to survive climate change.

Insuring against weather natural disasters could reach unaffordable levels for households and companies, while the potential damage is so unpredictable it may be impossible to model -- an unacceptable risk to insurers.