Here's some good news we can all get behind: 2014 was the least expensive year for natural catastrophes since 2009, according to a newly released report by Aon Benfield's catastrophe model development team.
Last year, global catastrophes accounted for over $132 billion in total economic damages, $39 billion of which was in insured losses, which is down 38% from the 10-year average, according to the report.
The numbers also show that, despite Asian countries having the most devastating economic losses, and the fact that more than 75% of disasters happened outside the U.S., most insured losses were in the U.S. due to high insurance penetration in this country.
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