Natural disaster damages hit $210bn worldwide in 2020, Munich Re estimates

Michael Holder
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Wildfires burning north of Beaumont in California in July 2020 | Credit: Brody Hessin
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Wildfires burning north of Beaumont in California in July 2020 | Credit: Brody Hessin

Insurance giant warns 'it is time to act' in order to curb growing costs of climate change

Natural disasters caused $210bn of damage worldwide in 2020, racking up significantly higher losses than the previous year amid devastating floods in China, a record hurricane season in the North Atlantic,...

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