WION Climate Tracker: Insurance companies face $120 billion loss due to climate change
Edited By WION Video Desk
Published: Jan 11, 2023, 03:15 IST | Updated: Jan 11, 2023, 03:15 IST
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The insurance industry is struggling to adapt to a new normal in which losses fueled by climate change are now regularly exceeding $100 billion a year. Insured losses from natural disasters hit about $120 billion in 2022, most of which was weather related.
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