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Rising climate-related losses are pushing more properties and infrastructure beyond standard insurance coverage. Allianz officials described the trend during recent industry discussions.
insurancejournal.comClimate change is increasing the number of assets considered too risky for conventional insurance, according to statements from Allianz. The company noted that repeated extreme weather events have raised loss ratios in certain regions and asset classes. Officials said this pattern is prompting insurers to reassess coverage availability.
Allianz representatives stated that some properties and infrastructure projects now face higher premiums or outright exclusions. The company indicated that risk modeling is being updated to reflect changing loss patterns. A spokesperson added that collaboration with governments and other insurers is under discussion to address coverage gaps.
No specific timeline for new products was provided. The statements come as insurers across multiple markets report growing exposure to weather-driven claims.
These outlets didn't split into competing frames — coverage was uniform.
news.sky.comThe 70-meter embroidery will travel from Bayeux, France, for an 18-month display in London. It will be shown in one continuous length inside a glass case. The loan follows a 2025 promise by French President Emmanuel Macron.
winnipegfreepress.comMore than 2,000 protesters marched through Durban on June 30 after weeks of violence that killed at least four people. Tens of thousands of migrants fled homes or were repatriated ahead of the protests.
A fire broke out Wednesday morning on the eighth floor of a 10-storey building in Antwerp's Linkeroever neighborhood. Several people were killed and many injured, with more than 200 residents affected by the blaze.