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Swiss Re: Natural Disaster Losses Hit $72 bn in First Half 2022

Total economic losses caused by natural disasters hit an estimated $72 billion in the first half of 2022, fueled by storms and floods, Swiss reinsurance giant Swiss Re estimated Tuesday.

Though the figure is lower than the $91 billion estimate for the first six months of 2021, it is close to the 10-year average of $74 billion, and the weight is shifting towards weather-induced catastrophes.

‘The effects of