Insurers need to include climate change in risk assessment: Expert

Stephan Harrison, director of U.K.-based consultancy firm Climate Change Risk Management, called on insurers to consult scientists and include climate change science into their risk assessment process, Compelo reported citing sources. Munich Reinsurance Co. recently said that increasing frequency of climate change-related catastrophes including wildfires, floods, storms or hail could make insurance unaffordable in disaster-prone regions.

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