The cost of natural disasters this year: $155 billion

Natural disasters cost $155 billion this year, and several of them struck the United States particularly hard. Hurricanes Michael and Florence, the California wildfires and Hawaii’s volcano eruption are all on the list of the most expensive global disasters of 2018, according to the Zurich-based reinsurance company Swiss Re. “Like last year, the losses from the 2018 series of events highlight the increasing vulnerability of the ever-growing concentration of humans and property values on coastlines and in the urban-wildlife interface...

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