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International

European firms concerned about rise in climate-change related losses

December 12, 2018 Reprints

Several European companies said that climate-change related catastrophes are causing production and sales losses following wildfires in Sweden, drought in Germany, tornadoes in Italy and floods in France, Bloomberg reported. Germany-based chemical company BASF S.E said that low river levels have disrupted its production which is likely to cost the company up to €200 million ($227 million). The French insurance association said that flash floods in the southwest region in October caused €200 million in insured losses.

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European firms concerned about rise in climate-change related losses

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