International Bar Association Article by Joanne Harris
In an insightful article for the International Bar Association (IBA), Joanne Harris examines the alarming rise in insurance premiums and the significant losses being faced by insurers following the devastation of wildfires. Harris underscores how these mounting challenges serve as a stark indicator of the far-reaching consequences of the climate crisis. As wildfires grow more frequent and intense, they are increasingly influencing the insurance sector, with the financial fallout becoming more difficult to manage. Harris explores the critical intersection between climate change, natural disasters and the evolving insurance landscape, emphasising the growing need for the industry to adapt to these accelerating risks.
A key contribution to the article comes from Warren Percival, RSK Global Experts Director Professional Service Sector, who offers valuable expertise on how the industry can better understand and address these emerging threats. Percival highlights the importance of a ‘whole system approach from each part of the sector’ as the industry grapples with the escalating impacts of climate change. Follow the link below to read the full article.