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Suburban sprawl gives insurers the bluesA view of the damage sustained by 55-year-old Cindi Watts' home, after a tornado ripped through the city, in Temple, Texas, U.S., May 23, 2024. REUTERS/Evan Garcia
Insurance losses from natural disasters are rising: last year they topped $100 billion globally for the fourth year in a row. While climate change means damage from hurricanes and wildfires are increasing, the bigger risk is thunderstorms and tornadoes. They are whipping through the suburban sprawl that has happened rapidly in sunbelt cities like Dallas-Fort Worth.
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