Natural disasters in 2024 caused $310 billion in global losses, with insured damages up 17% to $135 billion.

In 2024, natural disasters caused $310 billion in global economic losses, a 6% increase from 2023, with insured losses climbing 17% to $135 billion. The rise is attributed to hurricanes Helene and Milton in the US, causing $50 billion in damages, and intense flooding in Europe. This marks the fifth year of insured losses exceeding $100 billion, with climate change intensifying extreme weather events.

3 months ago
43 Articles