Global disasters to cost $450bn yearly as insurance gap widens
Natural disasters are expected to cost the world $450bn annually, with insurance covering less than half of losses. Up to 62 percent of disaster-related damage goes uninsured, leaving homes, businesses and governments facing uncovered losses of roughly $279bn a year on average.
Reported from
Start the conversation
Nobody has said anything yet. No account, no email — a name is optional.
Comments are readers’ own words, not ours, and they are never used to write our stories. What we keep
UN charts path to restore 1.5°C after inevitable breach
The UN Environment Programme has released its first major report examining strategies to return global temperatures to 1.5°C after the world overshoot
Indonesians pray for rain as wildfires blanket cities in choking haze
Huge blazes across central and western Indonesia have scorched forests and peatland, sending haze over urban areas.
Nepal-Tibet floods kill over 1,000 as rescuers search for survivors
Flooding across Nepal and Tibet has claimed more than 1,000 lives, with rescue teams continuing operations. Roughly 4,500 people remain missing in the
Hundreds dead in Nepal floods as rescuers search for thousands missing
Sudden floods that struck Nepal this week killed hundreds, with around 3,000 still missing in the border region with China. Residents in areas like Ro