Global Insured Losses from Natural Disasters Decrease as U.S. Escapes Hurricanes
Munich Re reported that global insured losses from natural disasters were $108 billion last year, compared to $147 billion in 2024. Floods, wildfires, and storms were primary causes. The U.S. avoided hurricanes, but wildfires in Los Angeles marked the costliest disaster. Climate change is increasing extreme weather risks.
Global insured losses from natural disasters decreased to $108 billion last year, according to Munich Re's recent report.
Compared to 2024's inflation-adjusted losses of $147 billion, this marks a significant decline, largely due to the U.S. mainland... [309 chars]
Published by: Devdiscourse
Read full article here: https://www.devdiscourse.com/article/science-environment/3767644-global-insured-losses-from-natural-disasters-decrease-as-us-escapes-hurricanes
