Severe heat is the greatest threat of insurers and businesses
Deadly temperatures puts more stress not only in human life but also economically, infrastructure, agricultural care and agricultural care and agriculture care
Building crews work on a road during a heatwave in Los Angeles, CA on September 4, 2024.
Etienne Laurent / AFP by GETTY images
Climate | Severe heat all over the world is one of the greatest threats of society, insurance industry and business.
art New Report from Global Reinsurer Swiss Re Warns that growing dangers of high temperatures are expected to feel the insurance sector, which consumes losses in the heritage, business, and human life.
Extreme heat can destroy transportation and energy systems, causing electrical seizure and wildfires, and extend the risk of illness and death. That’s threatening with expensive ramifications for insurers.
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The “extreme heat used is considered ‘not found risk’ because the effects are not clear as other natural hazards,” says Jérôme Hageli, chief chie chief economist, in a statement. “With a clear fashion of longer, warm heatwaves, we are important to shine in the real life of human life, our economy, agricultural system and agricultural system.
The risks are set to annual Swiss Re-reports the list relates to a rage of harmful topics – from the development of technological healthcare systems in health care systems
Climate-related threats often make the list.
This year, the no. 1.
High temperatures are the largest killer during the time of the world, which causes many deaths than hurricanes, wildfires or floods. It affects agriculture, infrastructure, transportation, water system, energy system and other aspects of society.
That makes it a growing threat to many sectors of the insurance industry.
Property and specialist insurance is more dangerous, reports report. Losses of global loss from wildfires reached $ 74 billion between 2014 and 2023. The high heat can also damage infrastructure, even in areas as well as areas of historical areas of gentle climates. Infrastructure in colder locations are often not built to endure the effects of fast temperature climb, the report says.
Life and health insurance is also a great concern. Report report that extreme heat is likely to spark the acquisition of life and medical insurance claims, as well as workers’ fees if people are subject to heat. Owners who fail to provide adequate water, rest and other safety measures for external workers can also face responsibility.
The report says that people are more vulnerable to the hazard of heat, such as outside workers and residents of community in low income and health insurance.
The heat makes the list last few years, but this is the first time it has risen above.
The report of 2024 teaches the role of climate change in raising civil, terrorism and armed conflicts, indicating that the increase in temperature is a Growing threat to International Security. It also warns the Cascading effects of natural disastersLike flooding and wildfires, getting worse in global warming.
The 2023 report highlighted New Arctic RisksAs ice melted ice opening new trade routes and increased the risk of geopolitical tension to the region. It also appointed the increasing interest in Solar Radiation Managementa hypothetical form of geeoengineering that can lower the planet’s temperature – with many potential risks and uncertainty in the exploration.
In addition to heat, this year’s report is highlighting threats from growing hazards of mold and other fungli, disinliologion, plastic technology.
It also fits the increasing risk of litigation against companies that can be regarded as responsible for injuries to extreme heat. That can lead to cases against engineers who work in failed infrastructure and cases carried against fossil fossil companies in the world’s fossil.
Extreme heat is also a growing risk of financial markets and insurers’ assets, suggested by the report. The industry investment has Giani this billions of dollars in revenue Although it pays more than insurance claim for climate-related injury.
“As many and severity of severe heat events intensively, markets are likely to be more priced in the risks imposed by severe heat events,” the report says.
At the same time, the increase in temperature can worsen other threats. The report highlighted the Growing hazards of the toxic fungito affect health, agriculture and infrastructure. Fungi has developed in warmer temperatures.
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