US EditionUS hurricane losses could soar 50% in warming climate, MS Amlin study finds
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Lloyd-based insurer MS Amlin warns that global warming by two degrees Celsius could lead to a significant increase in insured damage caused by hurricanes. In the future, the US east coast with the major cities of Boston and New York, which has so far not been affected, could be more difficult to destroy. The insurers are calling on their industry to adjust prices, and the construction regulations in the region should be tightened.
US hurricane losses could soar 50% in warming climate, MS Amlin study finds
Insured losses from US hurricanes could increase by nearly 50% if global temperatures rise by 2°C, MS Amlin, the Lloyd’s re/insurer, warns in its recently launched peer-reviewed study published in the Journal of Catastrophe Risk and Resilience. According to the study, climate change is reshaping hurricane behaviour—altering where storms strike, how often they occur, and how destructive they become. Notably, regions along the northeastern US coas…
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