In 2009, natural catastrophes claimed 9,000 lives worldwide and cost insurers $22 billion, even though the year was considered to be a low-loss year compared with previous years.
Asia was hardest hit: typhoons and earthquakes caused the most fatalities in the region, with losses for the insurance industry totalling around $2.4 billion.
The year's biggest insured losses were the result of storms. In total, six natural catastrophes generated losses of more than $1 billion each.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
