Financial Storm: How Escalating Climate Events Are Reshaping the Insurance Market

2024 marked a pivotal moment in the escalating financial toll of climate change.

Global insured losses from natural disasters reached US$140 billion, the third most expensive year on record.

The recent wildfires in Los Angeles have already driven insurance loss estimates to between $30 and $40 billion in early 2025.

This has led to a surge in demand for government-backed insurance programs like the National Flood Insurance Program.

Read the Entire Article