While many Hong Kong families decide to skip buying home insurance, people around the world may soon not have a choice. Climate change is causing insurance premiums to rise and, in the more vulnerable places, private insurers have stopped underwriting policies.
A run of four consecutive years when overall insurance losses from natural catastrophes have topped $160 billion, previously the mark of a remarkably bad.
FRANKFURT -Reinsurance company Swiss Re said on Friday that net profit for 2023 surged 580%, in line with expectations, as it recovered from a difficult period a year earlier.. -February 16, 2024 at 01:18 am EST
- MarketScreener