Climate change is reaching “tipping points” warns insurer

A joint reports from Allianz and green group WWF, warns the world is heading for "tipping points" in the climate system that would lead to damage worth hundreds of billions of dollars, the FT reports.

More than $25,000bn (€16,900bn, £15,000bn) of property would be at stake in the world's biggest coastal cities alone if sea levels were to rise 50cm by 2050.

South-western states of the US, including most of California, would suffer severe drought and dustbowl conditions.

The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

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