Global Markets & Finance
2Β hours, 14Β minutes ago
Disasters to cost world $450bn a year from climate change and development
More than half of losses not covered by insurance as carriers carve out risk and cut exposure
Impact on MMC:
The news may affect insurance companies and reinsurers (e.g., P&C insurers) by β¦
The article reports that climate change and development-related disasters will cost the global economy $450 β¦
High (90%)
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