Europe’s heatwaves threaten insurers’ earnings, rating agency S&P says
- S&P: 3 events in the last 90 days
- Previous: earlier the same day · Semiconductor stocks drag S&P 500, Nasdaq lower: AlphaCheck
What happened
Rise in claims linked to heat-related deaths and illness, especially among older people, could drive up premiums Europe’s intense heatwaves could hit insurers’ earnings as companies face a rise in claims linked to heat-related deaths and worsening health conditions, the rating agency S&P has said. While a long summer of extreme heat will have increased drought and wildfire-related claims, the rating agency said ther…
Summary assembled by rule from the sources below
Sources
News
- Europe’s heatwaves threaten insurers’ earnings, rating agency S&P saysThe Guardian World