Protection for the vulnerable: Heat insurance offers climate change lifeline to poor workers
GLORIA DICKIE, SIMON JESSOP and SHIVAM PATEL, of Reuters, report on how the concept of “parametric” insurance is growing in places like India…
Hurricanes and floods bring $US120 billion in insurance losses in 2022
Frankfurt/Munich Reuters Hurricane Ian in the United States and floods and Australia helped to make 2022 one of the costliest years on record for natural disasters, Munich Re said on Tuesday, warning that climate change was making storms more intense and frequent. Losses from natural catastrophes covered by insurance totalled around $US120 billion last year, […]
Disasters caused total of $US122 billion in insured losses in 2022 – Swiss Re
Zurich, SwitzerlandReuters Hurricane Ian and other natural catastrophes have caused an estimated $US115 billion of insured losses so far this year, well above the 10-year average of $US81 billion, Swiss Re estimated on Thursday. Natural and man-made disasters did economic damage of $US268 billion, of which $US122 billion was covered by insurance, making 2022 one […]