Designing insurance for climate change

Many natural disaster insurance markets were designed under historical distributions of climate risk that differ from those prevailing today. These differences create challenges for natural disaster insurance markets to mitigate the effects of climate change and also increase demand for innovative p...

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Bibliographic Details
Published inNature climate change Vol. 12; no. 12; pp. 1070 - 1072
Main Author Wagner, Katherine R. H.
Format Journal Article
LanguageEnglish
Published London Nature Publishing Group UK 01.12.2022
Nature Publishing Group
Subjects
706/689/159
706/689/694/682
Climate Change
Climate Change/Climate Change Impacts
Climate effects
Comment
Costs
Disaster insurance
Earth and Environmental Science
Earthquakes
Environment
Environmental Law/Policy/Ecojustice
Environmental policy
Environmental risk
Flood insurance
Hurricanes
Insurance
Insurance premiums
Insured losses
Markets
Natural disasters
Securities markets
Storm damage
Trends
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Summary:Many natural disaster insurance markets were designed under historical distributions of climate risk that differ from those prevailing today. These differences create challenges for natural disaster insurance markets to mitigate the effects of climate change and also increase demand for innovative policy solutions.
ISSN:1758-678X
1758-6798
DOI:10.1038/s41558-022-01514-2