Munich Re reports $140 billion in insured disaster losses in 2024, citing climate change impacts - PRESS AI WORLD
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Munich Re reports $140 billion in insured disaster losses in 2024, citing climate change impacts

share-iconThursday, January 09 comment-icon1 week ago 7 views
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reutersREUTERS
Munich Re reports $140 billion in insured disaster losses in 2024, citing climate change impacts

Credited from: REUTERS

  • Munich Re estimates that insured losses from natural disasters reached $140 billion in 2024, a significant increase from $106 billion in 2023.
  • The report indicates that such losses are amidst a trend of more frequent and severe weather events due to climate change.
  • Notably, the insured losses in 2024 mark one of the highest costs since 1980, highlighting the growing impact of climate change.
  • The total losses, including those not covered by insurance, ballooned to $320 billion, surpassing both previous years and long-term averages.
  • Major disasters included Hurricanes Helene and Milton, which severely affected the United States.

For the full article, visit Reuters.

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Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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