Severe weather in North America : perils, risks, insurance : executive summary

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      <subfield code="a">The publication provides a comprehensive overview of weather hazards and risks in North America. It discusses perils, related losses, risk mitigation and insurance issues. Nowhere in the world is the rising number of annual natural catastrophes more evident than in North America. This increase is entirely attributable to weather events, as there has been a negative trend for geophysical events. Results of the data and scenarios analyzed show that, due to socio-economic factors such as ongoing urbanization and increasing values, the potential for weatherrelated losses in North America is still rising. In addition, new technologies may give rise to new risks. Natural hazard insurance will therefore remain a challenge, with climate change bringing further uncertainty</subfield>
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