A Strong El Niño? Insurers Are Grappling With Risk Uncertainty
The possibility of a super planet-heating event, which would make extreme weather impacts more likely, is challenging underwriters pricing climate risks.
Photographer: Diego Fedele/Getty Images
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The odds are rising that a very strong El Niño may emerge later this year, but there’s still a degree of uncertainty around its intensity that’s making it harder for insurers to accurately price weather risks.