In this interview with CGTN Europe, Dr. Robert Hartwig discusses the economic impact of natural disasters like hurricanes. He estimates the total economic losses from Hurricane Ian could exceed $150 billion, though insured losses will be much smaller due to gaps in flood insurance coverage. Many businesses and homeowners do not purchase flood insurance, especially outside coastal areas, leaving them vulnerable. While federal aid may eventually help, it will take time. Rising insurance costs, particularly in flood-prone areas, are an ongoing concern. Hartwig also emphasizes the global connection of insurance markets through reinsurance, meaning such losses affect economies worldwide. Watch the interview by clicking here.