'High time to invest in more climate adaption': Natural catastrophes cost insurers $50bn in first half of 2023

Stuart Stone
clock • 2 min read
Credit: iStock
Image:

Credit: iStock

Severe thunderstorms account for up to 70 per cent of $50bn in natural catastrophe losses in first half of 2023, Swiss Re Institute estimates

Severe thunderstorms, earthquakes, extensive flooding, and heatwaves have hit the global insurance industry for $50bn in the worst start to a year for the industry since 2011, according to a major new...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

Stuart Stone
Author spotlight

Stuart Stone

View profile
More from Stuart Stone

On a roll: Greggs harnesses renewable fuels to cover more than two million road miles

Two thirds of Brits claim Easter chocolate is egg-cessively packaged

More on Management

On a roll: Greggs harnesses renewable fuels to cover more than two million road miles
Management

On a roll: Greggs harnesses renewable fuels to cover more than two million road miles

High street bakery chain's latest sustainability report reveals progress towards net zero by 2040 pledge

Stuart Stone
Stuart Stone
clock 16 April 2025 • 3 min read
How European music festivals continue to turn up the volume on sustainability
Management

How European music festivals continue to turn up the volume on sustainability

A Greener Future’s (AGF) latest Festival Sustainability Report highlights steps European festivals are taking to reduce carbon footprints

Amber Rolt
clock 11 April 2025 • 5 min read
'Financial cakeism': Study finds reluctance to give up fossil fuels undermining financial firms' climate ambitions
Management

'Financial cakeism': Study finds reluctance to give up fossil fuels undermining financial firms' climate ambitions

New survey from South Pole finds nearly three-quarters of financial institutions have no plans to reduce fossil fuel exposure over the next decade, despite their growing desire to decarbonise portfolios

Amber Rolt
clock 10 April 2025 • 4 min read