Lloyd’s Plans For Disastrous Climate Future

The climate is clearly changing, with increasing evidence this climate change is leading to more frequent severe weather events,” Trevor Maynard, who heads the office of exposure management at Lloyd’s, said in a new report on long-range forecasting for the insurance industry. “We believe that such longer-range forecasting techniques will have an increasingly important role to play in the insurance market and help to significantly improve and develop existing practices — particularly as the impacts of climate change are increasingly felt.”

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