European Heatwave Losses Expose a Widening Corporate Insurance Gap
Mounting business interruption claims from Europe's heatwaves are landing in an uninsured void, as underwriters retreat from climate-correlated risk and companies absorb losses directly onto the P&L.
Analysis of Europe's heatwaves shows business losses accumulating well beyond insured limits, transferring climate risk from balance sheets of insurers to those of operating companies.
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