Moody’s warns of P&C profit hit from proposed drought reform in France

Sarah JollyMay 10, 2023
Drying lake effect of extreme weather and heating wave on summer, Climate change and Drought impact
Credit: Shutterstock/Piyaset

An increase in drought losses in France – forecast to rise by three times over the next 30 years – would be a credit negative for the country’s property/casualty insurers, said Moody’s.

At the same time, the rating agency ...

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Sarah JollyMay 10, 2023
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