Disaster Risk Reduction: The Insurance That Always Pays Off By Maximilian Malawista Copyright © 2025 IPS-Inter Press Service.

Disaster Risk Reduction: The Insurance That Always Pays Off By Maximilian Malawista https://www.ipsnews.net/2025/06/disaster-risk-reduction-insurance-always-pays-off/?utm_source=rss&utm_medium=rss&utm_campaign=disaster-risk-reduction-insurance-always-pays-off NEW YORK, Jun 16 2025 (IPS) - Floods, earthquakes, and droughts are striking the wallets of the world harder than any other time in history. According to the Global Assessment Report on Disaster Risk Reduction, the cost of disasters is only growing, with annual expenditures exceeding 2.3$ trillion; accounting for over 2% of global GDP, and if represented as a nation, it would have the seventh largest GDP. Copyright © 2025 IPS-Inter Press Service.