We're only halfway through the year and we've already had extreme floods in places like India, wildfires in Canada, Switzerland, and Greece, and tornadoes in the United States. They've not only put lives at risk but have also meant homeowners having to deal with damage to their homes. And that is where insurance plays a vital role. According to the Swiss Re Institute, the research arm of the insurance giant, global economic losses tied to natural disasters reached $270 billion last year, of which less than half was covered by insurance. Joining Julia to discuss is Swiss Re Group Chief Economist Jérôme Haegeli. 

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