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The past decade broke new records in terms of economic damages and insured losses, according to Aon’s Weather, Climate & Catastrophe Insight: 2019 Annual Report.
The costs to global economies reached $2.98 trillion between 2010 and 2019, which was $1.19 trillion higher than 2000-2009, said Aon. It said that Asia-Pacific accounted for 44 percent of the total.
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