Benign weather coming to an end as insurers face up to climate change impact
Insurers have been told to brace themselves for similar losses to those experienced in the aftermath of the 2007 and 2013 floods as benign weather conditions subside and the impact of climate change increases over the coming years.
Speaking at the annual Lloyd's of London dinner last week, Bank of England governor Mark Carney highlighted the troubling financial implications of a changing climate for insurers.
Carney said floods
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