Climate change is intensifying weather-related losses, underscoring the urgent need to build more resilient homes to bet
Catastrophic risks now threaten densely populated areas.
Roughly half of all vehicles damaged were total losses.
Changes to assistance program for communities hit by natural disasters are welcome, according to one expert.
Changes to disaster financial assistance will take effect on April 1, 2025.
Experts urge governments to strengthen partnerships with the private sector to insure against catastrophic risks.
Residential instability was found to increase after a flooding event.