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From floods to fires: Investing in technologies that make communities more resilient
Extreme weather events are becoming more frequent, intense, and costly. In 2024 alone, global natural disasters resulted in an estimated $368 billion in economic losses, with 60% of these losses uninsured, highlighting a substantial protection gap (Insurance Business). Looking ahead, a 2024 World Economic Forum report predicts that by 2050, climate-intensified natural disasters could lead to $12.5 trillion in economic losses worldwide (World Economic Forum). At the same time, corporate exposure to climate risks is…
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