Heatwave health risks threaten insurer earnings, rating agency S&P warns

Heatwaves across Europe are causing a surge in heat-related deaths and illnesses, particularly among older people, which could lead to a rise in insurance claims. This increase in claims poses a significant threat to the earnings of insurance companies, as they may struggle to cover the costs. As a result, insurance premiums may rise to offset these increased expenses, affecting consumers and potentially impacting the overall economy.

Why it matters

Heat-related claims could increase, driving up premiums. This may hurt insurer earnings and lead to higher costs for consumers.

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