Global Insured Catastrophe Losses Now Expected to Average $171 Billion Annually, Verisk Finds
Average annual insured catastrophe losses increased by approximately $19 billion in a year, the highest estimate Verisk has reported to date Despite a season with no U.S. hurricane landfalls, estimated losses exceeded $100 billion for a sixth consecutive year Exposure growth, rising reconstruction costs and continued development in catastrophe-prone areas are pushing potential losses higher, regardless of weather patterns in any single year Jersey City, N.J., […]
Financial Post
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Filed under General · United States · News. Topics extracted from this report, with other live CurrentWire stories mentioning each: United States (82), Insured Catastrophe Losses Now Expected (none), Billion Annually (none), Verisk Finds (none).
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