Insured average annual losses from natural catastrophes pegged at $151-billion globally.
To prevent markets from shrinking, they must take a more active role.
Summer disaster claims increase 406 per cent over 20-year average.
This is the second event during the Summer of 2024 where insured damage costs have been estimated at several hundred mil
Investments made now could mitigate future economic disruptions.
Extreme weather events are increasing, and sea levels continue to rise.
August estimates will be impacted by weekend flooding in Montreal and Toronto.