Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Insurers Have Already Lost $50 Billion This Year from Natural Disasters

TheMotleyFool

0 0

Insurers Have Already Lost $50 Billion This Year from Natural Disasters: https://g.foolcdn.com/editorial/images/747608/featured-daily-upside-image.jpeg

For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every day.

Climate change has precipitated a landslide in insurance industry profits.

Globally, the industry has been hit with $50 billion in losses this year due to the nonstop procession of natural catastrophes. And as destructive weather events become more frequent and extreme, so will insurers' woes, according to a study published by Swiss Re Group Wednesday.

Source Fool.com

Like: 0

220e9500-9c2b-47ce-8ae6-da20e36e7ef7

Share