Natural Disasters Predicted to Inflict $135 Billion on Insurers in 2024

In a stark reminder of the increasing frequency and severity of natural disasters, new projections indicate that insurance companies are expected to face staggering losses of approximately $135 billion in 2024. This substantial figure, driven by a series of high-impact events, underscores the growing financial strain on the insurance industry as climate-related events continue to escalate.

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