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Business > Foreign Business
Natural disasters cause $310B in economic losses in 2024 – Swiss Re
By Agence France-Presse
Dec 05, 2024 6:24 pm

ZURICH, Switzerland — Natural disasters have caused an estimated $310 billion in economic losses around the world this year, swelling six percent from 2023 as the climate crisis takes its toll, reinsurance giant Swiss Re said Thursday.

Insured losses, meanwhile, swelled by 17 percent year-on-year to $135 billion, with the devastating hurricanes Helene and Milton pushing up the costs, Swiss Re said in a statement.

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