Opening the floodgates? Modelling spillovers from flood insurance protection gaps to UK mortgages (opens in new tab)

Will Banks and Kemal Erçevik When extreme weather hits, households typically turn to insurers to cushion the financial blow. But rising temperatures and greater exposure in high-risk areas could test the insurance sector’s capacity to absorb such losses. As the Financial Policy Committee has highlighted, climate change could create insurance protection gaps, leaving households vulnerable … Continue reading Opening the floodgates? Modelling spillovers from flood insurance protection gaps to UK...