Recent extreme weather conditions may prompt increases in insurance premiums as well as changes as to the way insurance is being sold.
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Weather events pushing insurance costs higher
The increasing severity of storms, floods and droughts the U.S. not only keeps forecasters busy, it also has an impact on American wallets. A new study by Munich Re shows that North America has been most affected by weather-related extreme events in recent decades. The publication “Severe weather in North America” analyzes all kinds of weather perils and their trends. It reports and shows that the continent has experienced the largest increases in weather-related loss…
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