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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…
Source cnbc.com
