Category: Climate Risk and Insurance
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Reimagining Insurance in the Age of Climate Change: From Risk to Resilience
In recent years, there has been a significant increase in natural disasters, resulting in substantial financial losses exceeding $100 billion for four consecutive years. Even in 2023, which was considered a relatively quiet year for tropical storms, there were a record-breaking 37 events, each costing at least $1 billion in losses. This situation raises concerns…