💨 Abstract

In 2024, the world experienced a record number of floods and landslides, prompting the Red Cross to activate the first multi-disaster insurance pay-out in the aid sector. This event, triggered by Typhoon Yagi, has led to the disbursement of more than 7 million Swiss francs to assist 1.5 million disaster victims in poorer countries.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖