India, Jan. 26 -- India's infrastructure spending has crossed 3 per cent of gross domestic product, but floods, cyclones, landslides and extreme heat are increasingly damaging highways, ports, urban assets and hydropower projects, pushing insurance premiums higher and driving some regions closer to the threshold of uninsurability, according to a new report that flags growing financial risks for governments, insurers and investors.

The report, Climate Risks and Insurance for India's Infrastructure, by Climate Trends, finds that infrastructure expansion is accelerating fastest in climate-vulnerable regions, even as insurers struggle to accurately price rising and increasingly predictable climate risks. All insurers surveyed said existing m...