Insurance industry prepares for rising costs from climate change

02:43

Natural disasters hit hard in 2020.Floods in China. Cyclones in India and Bangladesh. In the U.S., hurricanes slammed coastlines. Wildfiresturned forests into ash.

The insurance industry is taking notice, as climate change continues to add to the rising cost of damages.

CGTN’s Mark Niu reports.

Check out

The China Report

, our new weekly newsletter. Subscribe here!