Chajas fly in the Navarro lagoon, which dried up due to the climate phenomenon La Nina, in Navarro, in Buenos Aires province, Argentina December 5, 2022. REUTERS/Agustin Marcarian/File Photo
Jan 25 - Natural disasters, many driven by climate change, caused global economic losses of $313 billion in 2022, insurance broker AonLosses from natural catastrophes covered by the insurance sector amounted to $132 billion, 57% above the 21st-century average, it added, leaving a global 'protection gap' of 58%.
Yet, while the number of catastrophic events such as floods and hurricanes rose - at least 421 individual events compared to an average of 396 since 2000 - Aon said the protection gap was one of the lowest on record. "It was relatively low due to the fact that many of the costliest disasters occurred in countries with mature insurance markets such as U.S. or Europe, whereas losses in less-covered regions such as Asia were well below average," Michal Lörinc, head of catastrophe insight at Aon, told Reuters., which hit Florida in September 2022, causing insured damages in a range between $50 and $55 billion from total economic losses of $95 billion.
Similarly, in Pakistan the monsoon season caused 175% above-average precipitation from July to September, said Aon citing the local Meteorological Department.
Pretty much in line with the past, actually a little less.
Well stop playing with the weather then
Natural disasters are not more frequent, it's the price to repair and rebuild. Not mention the kickbacks the politicians receive
That’s almost enough to build one machine from the movie Contact