How does climate change affect insurance risks?

How does climate change affect insurance risks?

Climate change increases the frequency and severity of natural disasters, leading to higher insurance claims and costs.

What types of insurance are most affected by climate change?

Property, health, and agricultural insurance are significantly impacted due to increased risks from extreme weather events.

Are insurance companies adjusting their policies because of climate change?

Yes, many insurers are revising their policies, increasing premiums, or even withdrawing coverage in high-risk areas.

How can individuals mitigate their insurance risks related to climate change?

Individuals can mitigate risks by investing in resilient infrastructure, disaster preparedness, and choosing appropriate coverage.

What role does government regulation play in insurance and climate change?

Government regulations can influence insurance practices by mandating coverage for certain risks and promoting sustainable practices.