SINGAPORE - Increasingly severe floods, storms and wildfires are set to make some places uninhabitable and insurance cover too costly, says the chief geo and climate scientist at Munich Re, the world's largest reinsurer.
"If we have these repetitive events in certain areas, there's no logic there to rebuild again and again, with homes being burned down or flooded," Mr Ernst Rauch told The Straits Times.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you