US EditionAustralia’s Extreme Weather Costing $1.8 Billion in Insured Losses
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11 Articles
Australia’s Extreme Weather Costing $1.8 Billion in Insured Losses
Australia’s extreme weather events have caused more than $1.8 billion (US$1.2 billion) in insured losses in the first half of 2025, new figures from the Insurance Council of Australia (ICA) show. The costliest event so far has been ex-Tropical Cyclone Alfred, with over 125,000 claims lodged and insured losses exceeding $1.36 billion. The cyclone, which struck in March, also caused an estimated $1.2 billion economic hit, expected to shave a quart…
Floods, heat and cold cause enormous damage every year. The European Environment Agency anticipates how high they are - and shows further problems.
There has been no precipitation for some time, the heat is above average, and the situation is getting worse, not just here.
INTERVIEW. According to climatologist Fabio d'Andrea, who delivers his forecasts for July and August in France, the risk is to live, in the next few years, "all summer in canicular conditions".
Extreme events alone caused economic damage of over 45 billion euros in 2023.
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