Climate change not primarily responsible for rising nat cat claims at Lloyd’s
Climate change will “amplify” other factors that increase natural catastrophe claims but are not the main driver of the upward trend observed in recent years, according to Lloyd’s.
“Nat cat insured losses are increasing, and we should expect them to continue to increase. But the why, where and by how much is far more nuanced,” said Patrick Tiernan, chief of markets at Lloyd’s
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