Swiss Re chairman asserts that US home insurance pricing inadequately reflects climate risk despite rising premiums.
Swiss Re chairman, Jacques de Vaucleroy, states that US home insurance pricing remains too low to reflect climate risk, despite insurance sticker shock in the US this year. Despite rising premiums in areas like Florida, de Vaucleroy believes not enough action has been taken to deter people from building in risky areas. This global view highlights the need for adequate risk assessment and pricing in the insurance industry as climate change continues to present new challenges.
June 30, 2024
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