Climate catastrophes are creating a ‘new market reality’ for insurance carriers | CNN Business
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Raging wildfires and severe storms contributed to record-high global insurance losses — totaling an estimated $84 billion — for the first six months of the year, according to a report from reinsurance broker Gallagher Re.
  • womjunru@lemmy.cafeEnglish
    6·
    12 days ago

    Insurance losses are expected to surpass $100 billion for the entire year

    Having a year that loses money isn’t really a sad thing if all your other years have gained. Capitalist crybaby fucks