5th December 2024
ZURICH, Dec 5, 2024 - Natural disasters and catastrophes have caused an estimated $310 billion in economic losses around the world this year, up by six percent from 2023, reinsurance giant Swiss Re said on Thursday. News BSS/AFP
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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