Europe Takes EUR113 Bln Hit From Summer Heatwaves, Allianz Says — Market Talk
This summer's heatwaves are expected to have cost the European economy 113 billion euros, or around $128 billion, according to a report by German insurer Allianz. That notches up a substantial economic burden from one hazard alone, corresponding to around 0.5% of combined projected GDP across 30 co…