Climate change has raised the cost of natural disasters, as rising sea levels and drought increase the frequency and severity of flooding and wildfires, insurers and risk modelling experts say.
The list of the 10 most expensive events of the last decade provided to Reuters by risk modelling firm RMS all took place over the past five years.
While the biggest losses are in richer countries with more expensive assets, developing countries such as Pakistan, which suffered flooding this year that cost an estimated $3 billion, often bear the brunt of damaging weather events.climate talks in Egypt, and insurance is seen as one way to do that.to provide pre-arranged insurance and disaster protection funding to countries suffering climate disasters was launched at the climate conference.1.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Lula's COP27 visit seen as restoring Brazil's climate credibilityThe election of Luiz Inacio Lula da Silva as Brazil's next president is already boosting the country's credibility at this year's U.N. climate negotiations, with the left-wing leader to participate in COP27 in Egypt on Wednesday.
Read more »
EU tells COP27 it will increase climate ambitionThe European Union plans to update its emissions-cutting target under the Paris climate accord, the EU climate policy chief told the COP27 summit on Tuesday, with the upgrade expected before next year's United Nations summit.
Read more »
Why climate 'reparations' are on the agenda at COP27The push for major, debt-free funding for climate-vulnerable countries that have contributed little to the onset of global warming has made significant strides in recent years.
Read more »
Climate negotiations are in disarray as COP27 enters its second weekTalks in Sharm El Sheikh, Egypt, are running well behind schedule, with discussions on key areas such as loss and damage at a political impasse
Read more »
Meat on the menu, not the agenda, at COP27 climate conferenceOn any morning at the COP27 climate conference, you can expect a gauntlet of anti-meat protesters wearing pig and cow costumes, holding banners decrying the carbon footprint of livestock, and chanting slogans like 'Let's be vegan, let's be free.'
Read more »
U.S. and China to resume climate change talks, cooperate at COP27The world's top two emitters will restart climate talks, raising the chances for an ambitious COP27 outcome.
Read more »