A Munich Re report revealed that the economic damage caused by natural disasters over the first six months of 2023 amounted to $110 billion. This figure is lower than that recorded for the same period in 2022 ($120 billion), but still higher than the average for the last ten years ($98 billion). The in sured losses totaled $43 billion. The February 6, earthquakes in Turkey and Syria are considered to be the year’s most costly natural disasters, with global losses estimated at $40 billion, $5 billion of which were covered by insurers. During the first half of 2023, the United States was severely hit by violent thunderstorms accompanied by tornadoes and hailstorms. The economic and insured losses reached $35 billion and $25 billion respectively. Still according to the German group, the first six months of 2023 were marked by record high temperatures in many parts of the world, triggering droughts and serious forest fires.
