
Insurance insiders warn that increasing damage from environmental disasters could soon make property insurance unaffordable and trigger a new financial crisis.
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The insurance industry is warning of increasing losses from environmental disasters due to climate change, which could make property insurance unaffordable.
This printable was created on 10/14/2026 and is licensed for personal use only.
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Damage caused by climate change Insiders warn that property insurance could become unaffordable
The immense damage caused by environmental disasters will soon no longer be insurable, warns a group of insurance industry insiders. Is there even a threat of a new financial crisis?
By Henning Jauernig
October 14, 2026, 7:31 a.m

In his first interview, the new Bosch boss Christian Fischer explains how he wants to make the group more independent of cars, including by investing in German start-ups, building apartments and opening up new growth areas such as robotics and semiconductors, while at the same time Bosch is cutting jobs and wants to simplify its structures.

Stock markets are currently juggling multiple headwinds such as high oil prices and rising bond yields, while investors are hoping for a strong earnings season to put these concerns to rest. Despite positive quarterly results from Goldman Sachs and Citigroup, these stocks fell on Wall Street, while the Dow Jones fell 0.4% and the Nasdaq fell 0.2%. Apple shares hit a new record high and supported technology stocks. In Asia, AI stocks are recovering, with Samsung Electronics and SK Hynix particularly in demand. According to IG Markets, the DAX could start trading with a gain of 0.33%. Key economic dates are US inflation data at 2:30 p.m. and oil prices, with Brent oil trading at $106.35 a barrel.

The US Treasury Department has fined Bank of America $1.2 billion for violating anti-money laundering regulations and sanctions. It is the third-highest penalty in the department's history. The bank is said to have failed to report suspicious transactions worth over $5 billion.

China's exports rose 36.3 percent year-on-year in September, while imports rose 31 percent. The trade surplus reached $938 billion in the first nine months and was $133.5 billion in September, above expectations. The export boom is driven by high demand for Chinese AI technologies and weak domestic demand. The EU and China have agreed to limit the import of Chinese hybrid cars, with the EU expected to make concessions with protective tariffs on electric cars. The upcoming EU summit in Brussels is expected to discuss further protective instruments.

The DAX remains at 25,260 points while investors wait for US inflation data, quarterly bank figures and Chinese economic indicators. Mixed US bank balance sheets and inconsistent Asian markets characterize trading. There are also central banker speeches and numerous company and economic events scheduled today.

The Federal Employment Agency has approved insolvency benefits for Galeria employees in 83 branches, which will secure operations in the short term. But the crisis is deep: goods can no longer be sold, and many things are subject to retention of title. Experts see a lack of trading strategy among owners as the cause.