This photo taken on July 23, 2021 shows a flooded street in China’s central Henan province. Photo: AFP
This photo taken on July 23, 2021 shows a flooded street in China’s central Henan province. Photo: AFP

Climate Change: Gaps in insurance cover to compound extreme weather misery

  • In China, floods caused by summer monsoon rains last year resulted in US$17 billion of losses
  • Extreme rainfall and flash floods this year have taken 302 lives and caused US$20.6 billion of losses in Henan province

This photo taken on July 23, 2021 shows a flooded street in China’s central Henan province. Photo: AFP
This photo taken on July 23, 2021 shows a flooded street in China’s central Henan province. Photo: AFP
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