Sunday 17, July 2011 by

More property damage from drought-induced soil subsidence in Europe

Europe is witnessing a dramatic increase in property damage as a result of soil subsidence. Climate change could magnify those risks, a new Swiss Re publication shows. A new loss model developed by Swiss Re and the Swiss Federal Institute of Technology (ETH Zurich) suggests that soil subsidence will worsen and spread in Europe, with some areas seeing a more than 50 per cent rise in future losses.

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