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Rising convective storm losses mostly reflect exposure growth: Aon   – Insurance News

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More than 80% of the increase in US severe convective storm losses is likely due to exposure growth rather than a new normal of elevated storm activity driven by climate impacts, Aon says.  From 1990 to 2022 severe convective storm insured losses rose at an annual rate of 8.9%, while over the same period exposures … Read more

Victoria facing significant economic losses from rising sea levels  – Insurance News

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The Victorian Marine and Coastal Council (VMaCC) and Life Saving Victoria (LSV) have warned that the state is at risk of suffering $442 billion in economic losses from sea level rise and storm surges by the end of the century.   The figure stems from a commissioned report by University of Melbourne researchers who warn … Read more