Report: World should now expect $450bn a year in losses from natural disasters

Michael Holder
clock • 4 min read
Credit: iStock
Image:

Credit: iStock

Increase in severity of storms, floods, wildfires and more - as well as rising property values and insurance costs - spurs surge in modelled losses from natural catastrophes in a given year, according to Verisk

Natural disasters including those exacerbated or caused by climate change are expected to cost the world $450bn in a typical year, with only just over a third of those losses likely to be covered by insurance,...

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Michael Holder
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Michael Holder

Environmental journalist and editor

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