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Climate change could make some disaster risks uninsurable: PwC

Posted On: Jun. 12, 2019 6:38 AM CST

Natural disaster

A report found that climate change could make some catastrophe risks uninsurable and undermine pricing models for insurers and reinsurers worldwide, reports. The report by U.K.-based consultancy firm PricewaterhouseCoopers International Ltd. and Center for the Study of Financial Innovation found that property/casualty insurers are increasingly citing climate change as a top risk along with cyber threats.

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