In the Face of the increasing frequency of natural disasters, storm warning, on the insurers

Sommières, a small village of the Gard, is regularly subject to floods of the Vidourle. Its inhabitants have grown accustomed to living with the risk of flooding. The city is equipped with sirens and loudspeakers to warn the population, prompt then to evacuate the ground floor, and the municipality has even set the point of the timestamps, removable quickly removable from a certain level of alarm.

But Sommières is an exception in France. While most experts are anticipating an increase in the frequency and intensity of natural disasters by the end of the century due to climate change, the company was struggling to organize themselves to deal with it. In the field of planning of water courses, construction of levees or firm in the awarding of building permits, everything, or nearly everything remains to be done. And in the face of the expected increase in the cost of claims, insurers and reinsurers, first hand, to finance the reconstruction effort, do their calculations and begin to ask their conditions.

In 2017, the year dante, the major destructive elements have succeeded at a pace that is unusual : the hurricanes Harvey, Irma, and Maria, in the North Atlantic, sowed destruction in the Caribbean islands, Puerto Rico, Texas, and in west Florida ; forest fires repeatedly swept through parts of California, and torrential rains fell in different parts of the planet.

New selectivity

According to the study of reference of the reinsurer to Swiss Re, worldwide economic damages overall have been estimated last year at $ 330 billion (284 billion euros), of which $ 138 billion was covered by insurance. The highest level ever recorded. In addition to the global warming, the authors of the study put forward the “urbanization” and ” human development in exposed coastal areas “, as some…

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