The whole basis of the insurance business is risk (i.e. predictability). So, what happens when risk suddenly changes, is clearly illustrated by UK insurers having to pay out a record £585m due to 'weather harm' in 2024. Climate change makes 'extreme weather' events more intense as well as more likely. Last year, with its record 12 named storms, generated record numbers of costly home damage claims (https://www.theguardian.com/uk-news/2025/feb/10/uk-insurers-paid-out-record-climate-breakdown-intensifies). Increased risk associated with climate change will result in some UK properties becoming uninsurable (especially in exposed or flood-prone areas). Premiums will also be increased for the rest of the country. Things could, of course, be made more predictable by mitigating our infrastructure. In many locations, better drainage and land stabilization would be a start .
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