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Catastrophes caused $250bn damage in 2021

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Zurich: Pure catastrophes and excessive climate occasions induced round $250 billion in injury this yr, a rise of 24 p.c over the earlier yr, the world’s greatest reinsurer Swiss Re, estimated on Tuesday.

For the insurance coverage trade alone, “excessive climate occasions… together with a deep winter freeze, floods, extreme thunderstorms, heatwaves and a serious hurricane, resulted in annual insured losses from pure catastrophes estimated at $105 billion.

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