Main German reinsurer: Cyclones caused $133 billion damage in 2024

NAMPA / DPA

2024-12-02

Munich (dpa) - Hurricanes and typhoons have caused immense total economic losses of $133 billion this year, according to preliminary estimates. This makes this year's storm season the most expensive since 2017, geoscientists at the German reinsurer Munich Re reported on Monday. They estimate that the economic losses significantly exceeded both the 10-year ($89.2 billion) and the 30-year ($62.6 billion) averages. The main reason was the severe hur......

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