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Economic cost of natural disasters estimated
Worldwide losses topped $270 billion last year, according to a new insurance analysis Natural disasters resulted in global economic losses of $275 billion last year, of which $125 billion was covered by insurance, according to an annual report by the Swiss Re Institute. The publication, which was issued on Wednesday, showed that 2022 was the second consecutive year in which insured losses from natural catastrophes exceeded the $100 billion mark. The staggering number was due to Hurricane Ian in Florida, hail storms in France, floods in Australia and South Africa, winter storms in Europe and the US, as well as drou

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