
News Link • Natural Disasters
"The Year Of The Disaster" Has Resulted In Record High Losses For Global Insurance Compani
• https://theeconomiccollapseblog.com, By MichaelAs you will see below, there have been tens of thousands of wildfires in the U.S. so far this year, and we just keep getting hit by one "1,000 year storm" after another. Nobody can deny that what we have been experiencing is not even close to normal. Of course if someone actually did want to try to make the argument that "everything is fine", that individual would have to explain why insurance companies are facing "record-high global insurance losses" from the first six months of this year…
Raging wildfires and severe storms contributed to record-high global insurance losses — totaling an estimated $84 billion — for the first six months of the year, according to a report from reinsurance broker Gallagher Re.
That total does not even include any damage from the series of historic floods that we have witnessed during the month of July.
As CNN has noted, in recent weeks we have seen "100-year to 1,000-year deluges happening nearly simultaneously in multiple states on multiple days"…
This summer, in particular, has been defined by a tragic surge in deadly flash floods across the United States, underscoring the escalating volatility of our warming world.
It's no accident this is the summer of flooding, climate scientists say, with 100-year to 1,000-year deluges happening nearly simultaneously in multiple states on multiple days.
Large parts of the US have seen an unusually humid summer with record amounts of moisture in the air. When cold fronts and other weather systems come along, that moisture can get wrung out, squeezed like a water-laden sponge, yielding heavy and often highly localized downpours.
None of us have ever seen anything quite like this.
Since July 4th, the U.S. has been hammered by one historic flooding event after another…
First and foremost, there was the devastating Texas flood that killed more than 130 people on the night of July 4. But flash flood events have been focused elsewhere as well. Three people were killed in a flash flood related to torrential rains falling on a wildfire burn scar in Ruidoso, New Mexico, on July 8.