News – 2017 smashes world record for natural disaster-insured loss

Natural Disasters | Global insured losses

News agency

Tuesday, April 10, 2018, 20:41 – Swiss Re estimated that global insured losses from catastrophes in 2017 hit $144 billion USD, the most ever, the company said on Tuesday.

The figure is an upward revision from an
earlier tally in December, when the reinsurer estimated $136 in insured losses.

North America was particularly hard hit, with
Hurricanes Harvey,
Mariaresulting in combined insured losses of $92 billion, equal to 0.5 percent of U.S. gross domestic product, Swiss Re said.

Hurricane Harvey is the second-most expensive hurricane on record, next to Katrina. It was the first major hurricane (category 3 or stronger) to make landfall in the United States since Wilma in 2005. The storm killed 68 people, with the…

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