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Insured property losses could double in the coming decade due to climate change and more frequent and more intense severe weather events, reinsurance giant Swiss Re warned Tuesday.

Natural disasters caused $280bn in damage worldwide in 2023, including $108 billion covered by insurance companies, Swiss reinsurance giant, Swiss Re, said on Tuesday, warning the bill could double within 10 years.

Insured property losses could double in the coming decade due to climate change and more frequent and more intense severe weather events, reinsurance giant Swiss Re warned Tuesday.Swiss Re estimates that insured losses "could double within the next 10 years as temperatures rise and extreme weather events become more frequent and intense".

Insured property losses could double in the coming decade due to climate change and more frequent and more intense severe weather events, reinsurance giant Swiss Re warned Tuesday. Swiss Re estimates that insured losses "could double within the next 10 years as temperatures rise and extreme weather events become more frequent and intense".

Insured property losses could double in the coming decade due to climate change and more frequent and more intense severe weather events.

They are causing the United States annual economic losses of $131 billion. Read more at straitstimes.com.

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It would be a major boost from the 1.5-percent growth predicted for 2023 and the 1.6 percent average for the past five years.

More than 10,000 people have been evacuated from the Gironde region since Tuesday, with dozens of homes destroyed

More losses being caused by weather-induced catastrophes