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

Picture of Insurance Nerds Editorial Team Insurance Nerds Editorial Team : Sep 1, 2026, 12:47:21 AM

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
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