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2014 was the least expensive year for natural catastrophes since 2009, and other good news

What's more, insured losses were down 38% from their 10-year averages.

By Joseph Jaafari | Updated on January 13, 2015
Natural disasters outside the U.S. accounted for majority of economic losses, but insured losses were highest in the U.S.

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. 

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