How climate change is increasing business solvency risk
Publish Date: 12/15/2021
News Source: Firstpost
Extreme weather events or natural disasters like floods, hurricanes, wildfires, etc., and the resultant damage to property pose a physical risk to the survival of businesses. In such scenarios, businesses are forced to divert their scarce resources towards the reconstruction or replacement of infrastructure… Apart from direct value losses and losses of capital assets of the business, there can be other spill-over effects like impact on cost and availability of insurance and reinsurance to businesses…
