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October 26, 2004

Prepare for climate change, insurers warned

The Association of British Insurers has warned that premiums in the home, motor and health insurance markets are set to rise significantly over the next few decades, as the effects of global warming begin to set in.

In a report published this week, written by Andrew Dlugolecki, a former insurance industry executive and academic, the ABI warns its members not to underestimate the effects of climate change on their businesses, advising them to start adapting now.

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Posted by Tom Troceen