Keywords: Economic losses
Economic losses caused by natural disasters fell sharply during the first half of 2026, reaching an estimated $100 billion, according to an initial assessment by Swiss Re. The figure represents a decline of more than one-third compared with the same period in 2025 and stands about 10% below the average......
A potentially severe El Niño weather event could cause economic losses of between $10 billion and $20 billion across affected African countries and intensify migration pressures, according to the climate chief of the African Development Bank (AfDB). Speaking to Reuters, the bank’s top climate......
The economic cost of the recent earthquakes in Venezuela is expected to surpass $10 billion, according to catastrophe modeling firm Verisk Analytics, underscoring the scale of destruction caused by the twin seismic events that struck densely populated regions last month. The estimate comes as authorities......
A study from Stanford University finds that greenhouse gas emissions from the United States have caused more than 10 trillion dollars in global economic damage since 1990. The research, published in Nature, introduces a new method that connects emissions from countries, companies, and individuals to......
Global economic losses from natural disasters are projected to have declined by 33 percent in 2025, reaching $220 billion, according to Swiss Re, the Zurich-based reinsurer. Despite the devastating Los Angeles wildfires in January, which alone caused an estimated $40 billion in insured losses—the......
Europe’s violent summer of extreme weather has inflicted short-term economic losses of at least €43 billion, according to a new analysis by economists from the University of Mannheim and the European Central Bank. The figure, equivalent to 0.26% of the EU’s economic output in 2024, is......
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