Weather disasters are striking the world four to five times more often and causing seven times more damage than in the 1970s, the United Nations weather agency reports. But these disasters are killing far fewer people. In the 1970s and …
Extreme precipitation in mid-July resulted in the costliest flooding events on record for German and Chinese insurers, which face potential losses of $6.5 billion and $1.7 billion, respectively, according to Aon’s monthly catastrophe report. Germany is likely to see as …
Insured losses from natural disasters hit a 10-year high of $42 billion in the first half of 2021, with the biggest loss related to extreme cold in the United States in February, insurance broker Aon said on Wednesday. Overall economic …
