Australia's QBE Insurance Group said on Monday climate change could make so...
) said on Monday climate change could make some premiums unaffordable, especially for customers exposed to extreme weather events, and was a “material risk” for its operations across the globe.
The insurer said it has started to adjust its catastrophe models to factor in the expected impacts of climate change until 2100, and would assess the impact on its weather-related exposures from emissions and temperatures. “This may cause insurance premiums to become unaffordable, especially for customers in areas more exposed to weather-related events, potentially resulting in a loss of revenue.”
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