Heat Now an Insurance Risk

London9,000 of 10,650 late-June excess deaths in Europe were people 65 and older, S&P found.

Insurers facing heat-death claims respond by raising premiums, pricing the cost onto the oldest and sickest.

Screening now draws on life-and-health claims data, not just flood damage, as Europe’s over-65 share hit 21.6%, S&P said.

Ratings hold for now but could shift as summers lengthen and the population ages, S&P added.

Sources: The Guardian