Are frequent floods, hurricanes driving up the price of insurance? | Transforming Business

To insure or not to insure, that is the question. The insurance industry is worth 6 trillion US dollars, more than Japan’s GDP. We dig deep in this industry to see if they are keeping up with the destruction and damage being caused by climate change-related catastrophes. Do insurers really carry the burden of the risk? Do the payouts always reach those impacted? Extreme weather events can cause billions worth of damages. Is the industry ready? Chapters: 00:00 Hurricane Otis in Mexico 03:13 Risk from natural disasters 04:57 Calculating loss and damage 06:47 Flashfloods in Germany 09:01 The uninsured 10:30 Finding solutions Subscribe: https://www.youtube.com/user/deutsche... For more news go to: http://www.dw.com/en/ Follow DW on social media: ►Facebook:   / deutschewellenews   ►Twitter:   / dwnews   ►Instagram:   / dwnews   ►Twitch:   / dwnews_hangout   Für Videos in deutscher Sprache besuchen Sie:    / dwdeutsch   #insurence #flashfloods #naturaldisasters