«The heightened claims activity in emerging markets is due to a combination
of increased frequency
of medium sized
risk claims in Asia,
weather related claims in Latin American and
adverse experience in legacy portfolios in Latin America,» QBE said in a statement.
As discussed earlier, Hurricane Katrina demonstrated that communities
of color, poor communities, and certain other vulnerable populations (like new immigrant communities) are at a higher
risk to the
adverse effects
of extreme
weather events.263, 264,239 These vulnerable populations could benefit from urban planning policies that ensure that new buildings, including homes, are constructed to resist extreme
weather events.303
Climate impact concerns include environmental quality (e.g., more ozone, water - logging or salinisation), linkage systems (e.g., threats to water and power supplies), societal infrastructures (e.g., changed energy / water / health requirements, disruptive severe
weather events, reductions in resources for other social needs and maintaining sustainable livelihoods, environmental migration (Box 7.2), placing blame for
adverse effects, changes in local ecologies that undermine a sense
of place), physical infrastructures (e.g., flooding, storm damage, changes in the rate
of deterioration
of materials, changed requirements for water or energy supply), and economic infrastructures and comparative advantages (e.g., costs and / or
risks increased, markets or competitors affected).