Tag Archives: insurance

Climate catastrophes are creating a ‘new market reality’ for insurance carriers

Climate catastrophes are creating a ‘new market reality’ for insurance carriers

CNN  —  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. It has been the costliest first six months of a year since 2011, when insurance losses totaled $136 billion, the report said. Weather- …

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