How wildfires and extreme global weather could lead to your insurance rising

How wildfires and extreme global weather could lead to your insurance rising

Insurance losses from natural catastrophes such as the California wildfires and severe US thunderstorms reached $80bn (£60bn) in the first six months of the year according to early estimates from Swiss Re Institute report.The estimate almost doubles the average loss in the past 10 years and reinforces the extent the insurance industry is already dealing with a steady rise in weather-related losses.Total insured losses for the year could exceed $…