Best’s Commentary: UAE Insurers Adapt to Changing Weather Trends as Latest Flooding Costs Mount

LONDON--(BUSINESS WIRE)-- #insurance--AM Best expects the recent extreme weather that caused severe flash flooding in the United Arab Emirates (UAE) to prompt swathes of claims for motor, property and business interruption insurers in the region. However, a new Best’s Commentary, “UAE Insurers Adapt to Changing Weather Trends as Latest Flooding Costs Mount,” suggests low insurance penetration, coupled with extensive reinsurance cover, should keep the cost borne by the country’s primary insurers at a managea