Insurance, natural disasters cost 38 billion: now companies also fear hail and floods
A series of storms in Europa, floods in Australia and South Africa, temporal in the United States, as in the Old Continent, together it has many others natural disasters generated $ 35 billion in insured damages in the first half of 2022. These are the estimates of the Swiss Re Instituteresearch institution of one of the world’s leading reinsurance companies.
Man-made accidents resulted in an additional $ 3 billion for company accounts, bringing the total insurance disaster toll to $ 38 billion. If you also add damage not covered by policies, the account rises to $ 75 billion in the first half of the year. In any case, the temperature record recorded in Europe could lead to further losses due to droughts and fires. The serious atmospheric events of the last six months then show, once again, that the natural disastersespecially the so-called secondary “risks”, are on the rise everywhere.
Martin BertoggCapo Catastrophe Perils of Swiss Re explains: “the effects of climate change they manifest themselves in increasingly violent weather events, such as the unprecedented floods in Australia and South Africa. This confirms the trend observed over the last five years, namely that claims caused by secondary risks they are increasing in every corner of the world. Unlike hurricanes or earthquakes, these are omnipresent dangers aggravated by the rapid urbanization of particularly vulnerable areas. These “secondary risks“Require the same risk assessment as primary hazards such as hurricanes.”
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