Natural disaster losses hit $115 bn this year: Swiss Re

Geneva (AFP) Dec 1, 2022

Natural catastrophes have caused an estimated $115 billion of insured losses in 2022 to date, driven by Hurricane Ian and other extreme weather events, reinsurance giant Swiss Re estimated Thursday. Hurricane Ian, the single largest loss-causing event so far this year, caused an estimated insured loss of $50-65 billion alone, with total insured losses topping $100 billion for a second consec