Climate Resiliency
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Deadly Floods’ $20 Billion Toll Shows Asia’s Rising Climate Risk
Insurance Journal· 2025-12-04 06:44
Devastating floods have killed more than 1,300 people and caused at least $20 billion in losses since late last month across parts of South and Southeast Asia, underscoring the increasing risks from climate change and extreme weather for the region’s fast-growing populations and economies.A sequence of three tropical cyclones coincided with the regular northeast monsoon to deliver rainfall totals unseen in decades in some locations, and triggered a wave of destruction from Sri Lanka to Indonesia — damaged h ...