'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
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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...

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