Real Estate

Flood losses to insured property are jumping drastically


This aerial photograph taken on September 1, 2022 shows flood-affected people taking refuge in tents after heavy monsoon rains in Dera Allah Yar town of Jaffarabad district, Balochistan province. – Monsoon rains have submerged a third of Pakistan, claiming at least 1,190 lives since June and unleashing powerful floods that have washed away swathes of vital crops and damaged or destroyed more than a million homes.

Fida Hussain | Afp | Getty Images

The cost of flood damage to insured property around the globe is jumping drastically, and climate change is one of several factors, according to a new report out Thursday from the insurance giant Swiss Re.

From 1991 to 2000, global insured losses…


0 0 votes
Article Rating

Car shopping over Labor Day weekend? Here’s what you can expect

Previous article

Lululemon (LULU) Q2 2022 earnings

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Real Estate