Natural disasters cost insurers $108bn in 2023

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Natural disasters cost insurers $108bn in 2023 – Swiss Insurance firm

« on: March 26, 2024, 07:00:27 PM »

Natural disasters cost insurers $108bn in 2023 – Swiss Insurance firm

Natural disasters caused $280bn in damage worldwide in 2023, including $108 billion covered by insurance companies, Swiss reinsurance giant, Swiss Re, said on Tuesday, warning the bill could double within 10 years. The total amount of damage, and the share covered by insurers, both fell compared to 2022, which saw Hurricane Ian — one of

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