In the News
Insurance Industry Share of Weather-Related Losses Rising, with 60% Tied to Small Events
The insurance industry's share of the world's total economic losses from weather-related catastrophes
is rising and 60 percent of these weather-related losses are attributable to small events as distinct from
headline-catching catastrophes, according to a scientist who has studied the issue for decades.
The insured share of weather-related losses that was a negligible fraction in the 1950s has increased to
25 percent in the last decade, reports Evan Mills, a scientist in the environmental energy technologies division
in the U.S. Department of Energy's Lawrence Berkeley National Laboratory.
Read the entire article |
