Environment
Environment change reveals 'claws' with rising expenses for disasters, Munich Re says
Hurricanes, storms, floods and other natural catastrophes caused an estimated $140 billion in insured losses in 2024, up from 2023 and among the costliest years on record, Munich Re said on Thursday. The year's tally of losses from natural catastrophes covered by insurance coverage compares with $106 billion recorded in 2023 and is well above long-lasting averages. It is likewise greater than a similar anticipated by Swiss Re published in December. Munich Re, the world's largest insurance company, stated the development shows that environment modification is revealing its claws as worldwide temperature levels continue to rise, adding to more regular...