2024 catastrophic losses pushed by flooding – CRESTA report

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2024 catastrophic losses driven by flooding - CRESTA report

The report highlighted that flooding accounted for an unprecedented 78% of the 12 months’s complete losses, incomes 2024 the designation of “the 12 months of the floods.” This marked a departure from 2023, when extreme convective storms drove losses. Specialists attributed the shift to warming local weather circumstances, which enhance atmospheric vitality and moisture, fostering extra excessive climate.