Overall and insured losses in 2024 were both well above the benchmark averages of the last 10 and 30 years, Munich Re said.
—
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”.
The amount of insured losses totalled $140 billion (136 billion euros) over the past 12 months, making 2024 the third-highest total since 1980, Munich Re said in a report.
