Flooding could cost homes and businesses in England £818m by 2055
Homes and businesses most at risk of flooding across England could face at least £818m in costs by 2055. According to a new report from AXA UK there are an estimated 2.8 million properties in England already at risk of river and sea flooding and 3.4 million are at risk of surface flooding. The Environment […]
Natural catastrophes remain major risk for insurance sector
Satoru Komiya, the Tokio Marine President and Group CEO, believes natural catastrophes rather than a systemic cyber-attack remains the “biggest risk” to the insurance sector. Komiya said the insurance company “cannot run away from” natural catastrophe risk despite deepening concerns among investors and policymakers over rising industry losses linked to climate change. After successive years […]