Marked by devastating hurricanes and cold snaps in the United States, 2021 proved the second-most costly year on record for the world's insurers, according to a tally by Munich Re said, warning that extreme weather was more likely with climate change
The U.S. - ravaged by dozens of tornadoes in December, and by Hurricane Ida and freezes in Texas earlier in the year - accounted for an unusually large portion of the losses, Munich Re said.
Nearly 10,000 people died from natural catastrophes, in line with previous years. Total losses, including those not covered by insurance, were $280 billion, the fourth-highest on record.Residents remove rubble among the debris left over by the July 2021 extreme weather and lethal floods of the nearby Ahr river, in Schuld, Germany, July 17, 2021.REUTERS/Wolfgang RattayHurricane Ida, damage from which stretched from New Orleans to New York, resulted in $36 billion in insured losses.
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