Financials, Sector Focus

Goldman Sachs AM: insurers could raise premiums and exit business lines due to climate change

38 per cent of survey respondents said they believed climate change will force them to exit certain business lines (Photo: joebelanger/Envato)

Research by Goldman Sachs Asset Management has found challenges in insuring certain business lines exposed to extreme weather events, with experts pointing to property and casualty as the areas most at risk. In order to protect their own businesses from climate change risks, insurers are indicating that their underwriting offering ...

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