Heatwave health risks threaten insurer earnings, rating agency S&P warns

<p>Rise in claims linked to heat-related deaths and illness, especially among older people, could drive up premiums</p><p>Europe’s intense heatwaves could hit insurers’ earnings as companies face a rise in claims linked to heat-related deaths and worsening health conditions, the rating agency S&amp;P has said.</p><p>While a long <a href="https://www.theguardian.com/world/2026/aug/12/europe-worlds-fastest-warming-continent-climate-crisis-explainer">summer of extreme heat</a> will have increased drought and wildfire-related claims, the rating agency said there would also be fallout for life and health insurers, and for the reinsurers who provide financial protection to insurance companies.</p> <a href="https://www.theguardian.com/business/2026/aug/25/europe-heatwaves-insurance-companies-earnings">Continue reading...</a>