REPORT

Insurance Coverage Crossroads: The Insurance Industry Appears Largely Unprepared to Weather Risks of Climate Change

One of Bloomberg BNA’s expert authors analyzes the increased use of tort suits related to climate change and predicts an increase in parallel litigation between insurers and their policyholders over coverage.

 

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DESCRIPTION

By Kate Margolis  

Insurers' potential liability for the costs of defending and indemnifying their policyholders for harm related to climate change is the least recognized future threat to insurer viability, says the author. Contending that insurer solvency is threatened by climate change related catastrophes, the author discusses the increased use of tort suits related to climate change and predicts an increase in parallel litigation between insurers and their policyholders over coverage.


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