Natural catastrophes cause estimated $310b in economic losses in 2024: Swiss Re
Photo: BSS
Natural disasters and catastrophes have caused an estimated $310 billion in economic losses around the world this year, up by six per cent from 2023, reinsurance giant Swiss Re said today (5 December).
Insured losses, meanwhile, swelled by 17 percent year-on-year to $135 billion, with devastating hurricanes Helene and Milton, which struck the southeast United States in quick succession, pushing up the costs, Swiss Re said in a statement.
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