Multiple climate disasters trigger first ever Red Cross disaster insurance pay-out

GENEVA (Reuters) – The world was hit by so many floods and landslides in 2024 that it triggered the aid sector’s first multi-disaster insurance pay-out, the Red Cross told Reuters, signalling both the scale of the problem and the need for new financing solutions. Read full story

Source : https://www.thestar.com.my/news/world/2024/11/08/multiple-climate-disasters-trigger-first-ever-red-cross-disaster-insurance-pay-out

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