Insured losses from natural catastrophes are on track to exceed $135 billion in 2024, with at least two-thirds of this year’s insured losses attributable to the U.S., according to Swiss Re.
It’s the fifth straight year natural catastrophe-driven insured losses will exceed $100 billion, the global reinsurer noted.
Swiss Re’s Institute’s latest natural catastrophe estimates reflect hurricanes Helene’s and Milton’s impacts (with estimated insured losses of $50 billion) and the floods that struck Europe and the Middle East, causing estimated insured losses of nearly $13 billion.
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