Friday, March 24, 2023

Strong storms, heat, drought become more frequent

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According to the reinsurer Munich Re, increasingly severe storms and extreme weather conditions give rise to fears of rising natural catastrophe losses on earth in the coming years. The picture shows an area in Indonesia that was devastated by a tsunami. (archive image)

Last year, floods, storms, forest fires and other disasters caused economic damage of 270 billion dollars worldwide.

This was announced by the industry leader on Tuesday. Although that was less than in 2021 with losses of 320 billion dollars, it was part of the “loss-intensive” past five years. The financially most serious catastrophe of the past year was hurricane “Ian”, which hit the US east coast at the end of September, with damage costing $100 billion.

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