BREAKING - Natural Catastrophes Cause estimated $310 BILLION in Economic LOSSES in 2024: Swiss Re https://cutt.ly/NeXcBFw8

Insured Losses, meanwhile, Swelled by {{17}} Percent Year-on-year to $135 BILLION, with the Devastating HURRICANES Helene and Milton Pushing Up the COSTS, SWISS Re said in a statement.

It Marks the 'FIFTH' Consecutive Year that INSURED LOSSES have Topped $100 BILLION, the SWISS Company said.
“Much of this Increasing LOSS Burden results from VALUE Concentration in Urban areas, Economic growth, and Increasing Rebuilding COSTS,” Balz Grollimund, SWISS Re’s Head of CATASTROPHE and PERILS, said in a statement.

SWISS Re, which Serves as an INSURER of INSURANCE Companies, Emphasised the IMPACT of CLIMATE CHANGE, with This Year SET to be DECLARED the HOTTEST Year on RECORD.

“By Favouring the Conditions Leading to MANY of This Year’s CATASTROPHES, CLIMATE CHANGE is ALSO Playing an Increasing Role,” Grollimund said.

The Company Highlighted in particular the S