The third quarter of 2024 saw a number of significant disaster events, which drove year-to date economic losses above at least $258 billion and insured losses of $102 billion, according to Aon plc in its Q3 Global Catastrophe Recap – October 2024 report, which aggregates and analyzes global natural catastrophe data.
The report reveals that there were at least 280 notable global natural disaster events in the Q1-Q3 period. Losses from Hurricane Milton and additional events expected in the rest of the calendar year, however, will likely push total annual insured losses above those seen