Disasters to cost world $450bn a year from climate change and development

Projected Annual Disaster Costs Linked to Climate Change and Development

Global disasters are anticipated to cost $450 billion annually due to climate change and development factors, according to recent findings. A significant portion of these losses is uninsured, as insurance carriers increasingly exclude certain risks and limit their exposure.

Original Source: https://www.ft.com/content/b359c765-29e2-4f5f-b72c-cd36668621e1?syn-25a6b1a6=1