Cybercrime And Climate Top Agenda For Underwriters In 2020
Law360, London (January 2, 2020, 1:52 PM GMT) -- London’s insurance market sees cybercrime and climate change as the top priorities for 2020, a global underwriting trade group said Thursday.
The International Underwriters Association said it plans to establish a new market group to study the impact on the insurance industry of the warming climate and surge of weather catastrophes, such as the major floods that engulfed parts of Yorkshire and the Midlands in November.
Regulators across Europe and the U.K. have moved in recent months to push insurers to prepare for the financial shocks that come with climate change. Dave Matcham, chief executive of the association, said the trade group's members are...
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