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International Business Times
International Business Times
Science
Nathalie OLOF-ORS

Natural Disasters Cause $310bn In Economic Losses In 2024: Swiss Re

Swiss Re Climate Change Europe
Intense flooding in Europe alone caused around $10 billion in insured losses this year, Swiss Re said (Credit: AFP)

In a year set to be declared the hottest on record, natural disasters caused $310 billion in economic losses globally in 2024, as climate change increasingly takes its toll, Swiss Re said Thursday.

The estimated economic losses from natural disasters were six-percent higher than in 2023, which currently stands as the hottest year ever, the Zurich-based reinsurance giant said in a statement.

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