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Natural Disasters Expected to Cost Insurers $135 Billion in 2024

Global insurers are expected to pay more than $135 billion for natural catastrophes in 2024, according to a report by the Swiss Re Institute.Natural disasters such as floods, storms and hurricanes are driving an expected 17% increase in losses for the insurance industry this year, according to the report published Thursday. The US is responsible for at least two-thirds of the global losses, in part due to frequent thunderstorms last year....

Read more at bloomberg.com

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