'Severe and costly': 2018 clocks in $160bn worth of extreme weather damages

Madeleine Cuff
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Devastation caused by Hurricane Michael in Florida, October 2018 | Credit: US Department of Housing and Urban Development
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Devastation caused by Hurricane Michael in Florida, October 2018 | Credit: US Department of Housing and Urban Development

Annual natural disaster report from Munich Re rates 2018 as the fourth costliest year since 1980

From a calm start, 2018 descended into extreme weather chaos causing hundreds of billions of dollars in damages, according to the latest report on natural disasters from German reinsurer Munich Re...

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