$50 billion insured loss due to natural disasters in first half of the year: Swiss Re
According to a report by renowned reinsurer Swiss Re, insured losses due to natural calamities soared to $50 billion during the first half of 2023, the second highest recorded figure since 2011. The rise in these losses during the first half of the year can be attributed to a multifaceted interplay of factors. Climate change, …
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