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$100B Global Insurance Gap Due To Climate Risks

The rising impact of climate risks has resulted in a US$100 billion “protection gap” in the global insurance sector, according to a group of major industry players. ClimateWise, a global network of leading re/insurers, brokers and industry service providers, warned that the gap of uninsured or under-insured assets had increased fourfold over the past 30 years.
December 7, 2016 Litigation