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International

Global climate protection gap widens to $100 billion: Report

December 07, 2016 Reprints

Reports by U.K.-based network of insurers ClimateWise, based at the University of Cambridge, has warned of a $100 billion "protection gap" in the global insurance sector as a result of the rising impact of climate risks, BBC News reports. Tom Herbstein, program manager at ClimateWise, said that the gap of uninsured or under-insured assets increased from $23 billion about 30 years ago to more than $100 billion today.

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Global climate protection gap widens to $100 billion: Report

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