Climate change pushes bill for disasters to US$120 billion in first half: Munich Re

Quick Summary:

Insurance industry feels the heat as warming drives bigger losses and puts more regions at risk, says reinsurer Munich Re.

The total of US$120 billion in losses from natural catastrophes was lower than the US$140 billion in the same period in 2023.

Evolving risks from climate change will require society, economies and the insurance sector to adapt to mitigate growing losses from weather-related events, he said.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Yujie Xue

Category: Business

Markets: Hong KongBrazilChinaJapanTurkeyUnited States

Topics: Munich Billion 2024 Natural First Floods Change Losses According Climate Insurance

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-31 @ 20:00:18 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 655 words

Reading Time: 4 minutes read

Sentences: 20 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 21872098

View Article Analysis

About SCMP

Main Topics: Business

Official Website: scmp.com

Update Frequency: 14 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 4 hours ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #42

Publisher Details

Frequently Asked Questions