Friday August 7, 2020

Climate change fear for insurance firms

Insurance companies could be hit with hundreds of millions of euro of claims from Ireland's coastal counties each time a major storm hits.

8th June, 2014
Each time a storm hits, scenes like these will follow, says one expert. Picture: Sean Curtin

Insurance companies could be hit with hundreds of millions of euro of claims from Ireland's coastal counties each time a major storm hits as climate change drives up sea levels, according to the country's leading climate change expert.

The jury is still out on whether a changing climate will bring a larger number of more violent storms to Irish shores, but rising sea levels mean that those storms that do hit are becoming increasingly damaging,...

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