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Munich Re estimates global disaster losses in 2024
Munich Re estimates global disaster losses in 2024 at $320 billion
Natural disasters such as hurricanes and floods caused losses totalling $320 billion worldwide in 2024, according to a report from German reinsurance giant Munich Re published on Thursday. The losses are well above the average from recent decades and one of the most expensive years for natural disasters since 1980,
Global climate disasters hit record $320bn – Munich Re
Global insurers face staggering $140 billion payout in 2024, marking the third costliest year for natural disaster claims
Climate Disasters Drive Unusually High Losses In 2024: Munich Re
Climate change fuelled natural disasters that caused $320 billion in losses last year, German reinsurance giant Munich Re said Thursday, warning that "our planet's weather machine is shifting to a higher gear".
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4h
Munich Re taps new CEO for Beijing operations
He will succeed Steven Chang who will retire in March. Munich Re reeled in Adrian Goh as Chief Executive Officer of its ...
5h
Hurricane Milton caused largest insured losses from any natural disaster in 2024, analysis concludes
Hurricane Milton, which hit Florida in October, caused about $25 billion in insured losses, the largest amount of insured ...
1d
on MSN
Climate change shows 'claws' with rising costs for disasters, Munich Re says
Hurricanes, storms, floods and other natural disasters caused an estimated $140 billion in insured losses in 2024, up from ...
6h
Milton caused the largest insured losses in 2024
Hurricane Milton, which hit Florida in October 2024, caused about $25 billion in insured losses, the largest amount of ...
Insurance Insider
1d
Munich Re pegs insured nat cat loss bill at $140bn in 2024
Hurricane Milton produced the highest insured losses of the year, totalling $25bn. Munich Re noted that Hurricane Helene ...
1d
Extreme weather in 2024 sent insured losses soaring to the highest in 7 years
Global insured losses climbed to $140 billion last year, led by damages from Hurricanes Milton and Helene, a report from ...
CNET on MSN
22h
Fires, Floods, Hurricanes and Tornadoes: Do You Need More Home Insurance for Natural Disasters?
You may need supplemental insurance coverage to protect your home as natural disasters become more frequent and costly.
Bisnow
2d
German Firm Acquires Fenway Multifamily Property For $145M
Samuels has been a major contributor to the redevelopment of Boylston Street and Brookline Avenue around Fenway Park. The ...
18h
Deadly LA wildfires to cost over $50 billion in damages, becoming one of the worst natural disasters in U.S. history
The damage is expected to far exceed the $16 billion in economic losses from Maui's wildfires two years ago. Weather now ...
insurancebusinessmag
2d
Christa Schwimmer named CEO of Munich Re specialty reinsurance
Munich Re has appointed Christa Schwimmer (pictured above) as chief executive for its specialty reinsurance and Lloyd's and ...
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