Warning from Association of British Insurers
09 May 2008
In Europe, the Association of British Insurers (ABI) gave a warning about the alarming danger caused by global warming. If nothing is to be done about this environmental issue, there is a tendency that the present value of the claims can be doubled or tripled by the middle part of the century. ABI desires that the climate change must be considered when it comes to designing the accounts of flood defenses and to check the regulations implemented in buildings so that it will be a bit more opposed to the bad weather. They also reminded that motor insurance must also be considered in this issue.