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Natural disasters and extreme weather events caused $ 250 billion in losses this year.
This figure represents an increase of 24 percent compared to last year, announced the world’s largest insurance company, Swiss Re.
For the insurance industry alone, “extreme weather events, including frosts, floods, storms, heat waves and hurricanes,” resulted in annual disaster insurance losses of up to $ 105 billion. “This value is the fourth highest since 1970,” claims Swiss Re.
Insurance losses from natural disasters this year “again exceeded the average of the past 10 years, continuing the annual growth trend of 5-6 percent in recent decades,” announced the insurance giant.
The most expensive natural disasters this year were in the US.
Hurricane Ida caused $ 30-32 billion in insurance losses and Hurricane Uri caused $ 15 billion in losses.
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