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climate change drives record losses from natural disasters in 2024

Natural disasters in 2024 resulted in global economic losses of $320 billion, with $140 billion insured, marking the fifth most expensive year since 1980. Hurricane Helene was the most damaging event, causing $56 billion in losses. Climate change is increasingly linked to the frequency and severity of such disasters, highlighting the urgent need for global resilience efforts.
finews.ch
Brazilian Real Japanese Yen United States Dollar MUNICH RE USA JPN BRA DEU Tobias Grimminger Thomas Blunck Show more
Finance & Economy, News Article
10:47 09.01.2025

climate change drives record economic losses from natural disasters in 2024

Natural disasters in 2024 resulted in global economic losses of $320 billion, with $140 billion insured, marking the third-costliest year for insured losses since 1980. Hurricane Helene caused the most damage at $56 billion, while climate change continues to exacerbate the frequency and intensity of such events. Approximately 11,000 lives were lost, significantly fewer than in previous years, highlighting the urgent need for enhanced resilience in vulnerable regions.
finews.com
United States Dollar MUNICH RE ARE USA JPN ESP BRA DEU Tobias Grimminger Thomas Blunck Show more
Finance & Economy, News Article
10:47 09.01.2025
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