Climate catastrophes are creating a ‘new market...

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2025-07-19 06:25:16 - Translate

Climate catastrophes are creating a ‘new market reality’ for insurance carriers | CNN Business

Raging wildfires and severe storms contributed to record-high global insurance losses — totaling an estimated $84 billion — for the first six months of the year, according to a report from reinsurance broker Gallagher Re.

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