Question 1 of 7
Which of the following is already happening today due to climate change?
Insurance is being denied to entire postcodes
Weather is being removed from coverage policies
Insurers are using climate models to exit markets
All of the above
While insurance is being denied to entire postcodes, in fact the other two are also happening1.
While weather is being removed from coverage policies, in fact the other two are also happening1.
While insurers are using climate models to exit markets, in fact the other two are also happening1.
That’s right. All three are already happening1.
In Australia, insurers have withdrawn from Northern Queensland due to repeated cyclone and flood losses. In the U.S., wildfire exclusions are increasingly common in California. Insurers now use advanced climate analytics to pre-emptively exit at-risk regions.