Insured Price Tag for Natural Disasters Was $95B in 2023 With Economic Cost of $250B

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Insurance Journal - Jan 09, 2024

Natural catastrophes in 2023 caused global economic losses of US$250 billion, with insurers and reinsurers paying US$95 billion of that amount, according to Munich Re. Last year’s insured losses of US$95 billion are close to the five-year average of US$105 …...

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