Extreme weather caused $65 billion in losses in first half of 2022

  • 30.07.2022
  • Physl.org

Extreme weather events linked to climate change caused about $65 billion in total losses in the first half of 2022, roughly half of which hit uninsured assets, according to data compiled by Munich Re. nsured losses reached about $34 billion, broadly in line with previous years, the German reinusurer said on Thursday. Overall damages through June, which were also caused by natural disasters such as earthquakes, dropped from $105 billion a year earlier. The half-year data for 2022 doesn't include the full fallout from Europe's heatwave, which fanned drought, wildfires and water shortages.