Climate change, insurance and the building sector: technological synergisms between adaptation and mitigation
The more severe weather associated with climate change is likely to increase buildings insurance claims, but it is proposed that changes to mitigate climate change may also act synergistically, by introducing adaptation which makes buildings more resilient to natural disasters. There is potential for insurance companies to become more involved in using energy efficiency and renewable energy as part of a strategy to make buildings more disaster-resilient. There is a risk that bad design and application of energy-related systems can increase insurance claims due to such problems as water damage, mould growth, and air quality. The impact on insurance companies of events associated with temperature extremes, rainfall, wind and other extremes are discussed. Some insurance companies are responding to the increased risk by increasing premiums, withdrawing cover and limiting payouts, which may adversely affect the construction industry.
Mills, E., 2003: Climate change, insurance and the building sector: technological synergisms between adaptation and mitigation. Building Research and Information, 31, 257-277.
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Global warming is a huge problem which will significantly affect every country in the world. Many people all over the world are trying to do whatever they can to help combat the effects of global warming. One of the ways that people can fight global warming is to reduce their dependence on non-renewable energy sources like oil and petroleum based products.