UK, Canadian, Australian, and NZ insurance associations urge Commonwealth leaders to address extreme weather's economic impact at the Commonwealth Heads of Government Meeting in Samoa.

Major insurance associations from the UK, Canada, Australia, and New Zealand are urging Commonwealth leaders to address the escalating impact of extreme weather on economic resilience at the Commonwealth Heads of Government Meeting in Samoa. They represent insurers writing about $200 billion in premiums and stress the need for global collaboration to mitigate the widening insurance protection gap, improve building practices, and address the affordability of insurance amidst rising risks.

October 21, 2024
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