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Natural Disasters Cost $210 Billion Worldwide in 2020

Global disasters exacerbated by climate change produced $210 billion of losses in 2020 as several countries, including the U.S. and China, battled hurricanes, floods, and wildfires, according to a report by reinsurance company Munich Re.

The worldwide monetary losses in 2020 were up 26.5% compared to 2019’s cost of $166 billion, Munich Re stated. $82 billion worth of damage was insured last year, up from $57 billion in 2019. Last year’s natural disasters claimed approximately…

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