Insurance brokers should encourage their business clients to obtain coverage.

Global report for climate risk managers warns against using outdated models

Taxes paid by the average family jump 2,705 per cent during 62-year study period.

Changes follow regulatory reviews which found evidence of unfair consumer treatment.

Should extreme events continue in 2024, insurers could start facing earnings pressure.

Economic losses are estimated at over USD $100 billion.

One year later, with the majority of claims resolved, the industry calls for adaptation.