Insurance giant Munich Re tots up the costs of last year’s devastating floods, storms, heatwaves, and droughts
Hawaii will receive pay-outs of up to US$2m for reef restoration if tropical storms hit, building on the world’s first reef insurance policy covering hurricane damage in Mexico.
Top insurers and economists warn climate change remains biggest global economic threat, despite on-going COVID risks
Insurance giant warns 'it is time to act' in order to curb growing costs of climate change
Annual natural disaster report from Munich Re rates 2018 as the fourth costliest year since 1980