FM’s findings show that although many businesses recognize the threat, actions remain incomplete. Only 23% of companies report complete selection and installation of equipment based on resilience to extreme weather, even if brokers place it in the most influential measures. Likewise, while 61% of brokers recommend it, only 20% redesign the interior to ensure a safe flow of flooding. Cost is still a limitation. Among risk policy makers, 44% said premiums were too high to ensure full insurance. On average, they expect insurance to cover only half of potential losses in extreme weather. The broker is even more suspicious, estimated to be close to 40%.
