More than 100,000 houses and commercial buildings, including many new builds, are at increased risk of being affected by extreme coastal events, according to the latest analysis of every Eircode in Ireland.
The projections by Gamma Risk includes potential insurance costs from storms made worse by climate change, amounting to €4.5 billion in a worst-case scenario post 2050. The analytics company evaluates risk for local authorities and insurance companies using advanced modelling and mapping.
“Coastal flooding is not just a theoretical climate risk for Ireland, it is a measurable and increasingly costly exposure,” said Richard Garry, chief commercial officer with Gamma
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