ScienceAnnual global climate-related losses could reach $450 bln

Global annual losses linked to climate change could reach $450 billion in a typical year in the coming years and rise higher during catastrophic years, the Financial Times reported, citing Verisk Analytics. About 62% of natural-disaster losses are uninsured, leaving insurers to cover a shrinking share of total damage. The 2025 Myanmar earthquake caused an estimated $12 billion in damage, with less than $100 million insured.

climate changenatural disastersinsuranceeconomic losses

TTASS★★★★☆2026-09-01 09:18Original