La Palma's volcano (Canary Islands)erupted last year during almost three months

Natural Disaster Claims In 2021 Exceed Those Of The Previous Two Years, Destroying Assets Worth $280 Bn

Alphavalue | German reinsurer MUNICH RE has published the economic cost of natural disasters in 2021. According to its preliminary findings, worldwide, natural disasters caused substantially higher losses in 2021 than in the previous two years. Storms, floods, wildfires and earthquakes destroyed assets worth $280 bn in 2021. Losses in the previous year amounted to $210 bn$. Approximately $120 bn$ in losses were insured in 2021, which was also more…