Hurricanes caused $100 billion in insured losses: Munich Re

A report by Munich Reinsurance Co. said that hurricanes Harvey, Irma and Maria caused an estimated $215 billion worth of damage and about $100 billion in insured losses, BNamericas reported. The report said that such high-cost cycles may become increasingly routine due to climate change. The frequency of extreme storms of category 4 or category 5 is forecast to increase in most areas with continued climate change, the report added.

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