US once again country with highest weather-related losses

05.08.2022, 13:02 finchannel.com

In the first half of 2022, natural disasters caused overall losses of US$ 65bn, with slightly more than half of these insured; Extreme multi-day rainfall and severe flooding in Australia constituted the main loss burden for the insurance industry of at least US$ 3.7bn; Number of fatalities from natural disasters increased to 4,300 compared with first half of 2021; Extreme heat, drought and wildfires are increasing in many regions of the world, scientific community believes climate change is having a significant effect on the frequency of such events;