Climate risk: Lloyd’s of London warns extreme weather could incur $5tr of economic losses over five years

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    Climate risk: Lloyd’s of London warns extreme weather could incur $5tr of economic losses over five years

    Cecilia Keating

    clock • 2 min read

    Credit: iStock

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    Credit: iStock

    Fresh modelling highlights huge financial risks of failing to tackle escalating climate risks

    Extreme weather events could result in around $5tr of economic losses over five years as crops fail and water and food shortages escalate, insurer Lloyd’s of London has warned. A new data tool released…

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