Analytics

Insurers’ Climate Losses Almost Match Premiums From Fossil Fuels

Bloomberg reports that research group examines 28 of the world’s largest insurers. Climate change accounts for about 33% global weather losses.
Insurers’ Climate Losses Almost Match Premiums From Fossil Fuels
Top insurance companies suffered $10.6 billion of climate-attributed losses this year, just shy of the $11.3 billion of direct premiums they underwrote for commercial fossil-fuel clients in 2023, according to Insure Our Future. Of the 28 insurers reviewed, more than half were hit by climate-attributed losses that exceeded the coal, oil and gas premiums they earned, Insure Our Future said... ...

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