10 costliest disasters of 2020 caused $150B worth of damages: Report
The ten costliest weather disasters this year worldwide caused insured damages worth over $150 billion, NGO Christian Aid reported. They claimed at least 3,500 lives and displaced more than 13.5 million people. Five of the most costly extreme weather events were related to Asia's unusually rainy monsoon. Only 4% of economic losses from climate-impacted events in low-income countries were insured.