Climate change: China suffered world’s second worst losses from floods in 2021, Swiss Re study shows

//Climate change: China suffered world’s second worst losses from floods in 2021, Swiss Re study shows

Climate change: China suffered world’s second worst losses from floods in 2021, Swiss Re study shows

China endured around US$25 billion of losses from floods – the world’s second worst after Europe – last year, but only a tenth was insured, according to Swiss Re Institute. The lion’s share was attributed to extreme rainstorms in Henan province last July, which saw some US$19 billion of economic losses, where US$2.3 billion was covered, said the research unit of Swiss Re, one of the world’s biggest reinsurers. Henan floods to trigger record insurance claims as thousands of cars, property…

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By | 2022-04-03T06:00:20+00:00 April 3rd, 2022|Business|Comments Off on Climate change: China suffered world’s second worst losses from floods in 2021, Swiss Re study shows