UK insurers count cost of climate change
Weather related household insurance claims in Britain doubled between 1999 and 2003 to over UK£6bn (€9bn) and could treble unless action is taken, according to the country's insurance industry body ABI. In a study the organisation called on insurers to analyse and manage global warming risks and for the government to improve flood defences and building regulations to guard against the effects of extreme weather. It warned that other sectors of the insurance industry such as health, motor and liability also face increased risks from climate change. See report.