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Here are the 10 costliest U.S. catastrophes

These 10 disasters have had a devastating impact on property in the United States and on the property-casualty insurance business.

By Nichole Morford | Updated on April 26, 2016

Last year was relatively quiet when it came to catastrophe claims, both globally and in the U.S., and early forecasts say this year is likely to follow suit.

Total insured losses from natural disasters were $16.1 billion in 2015, with nearly 60% of these losses coming from severe thunderstorms. Hurricane activity, suppressed by strong El Nino forces, resulted in a mere $60 million of insured losses, well below the 10-year average of $6.5 billion.

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Nichole Morford

Nichole Morford

As ALM's Digital Editor-in-Chief, Nichole Morford is responsible for the development of digital strategies to maximize web traffic, deepen audience engagement and effectively monetize digital products. Previously, as Editorial Lead, Digital Content Strategy for ALM's Insurance Group, Morford directed the digital strategy and growth of the division’s web products. Prior to joining ALM through the acquisition of Summit Professional Networks, Morford was managing editor of LifeHealthPro.com and managing editor of Agent's Sales Journal magazine. She started her career as an editor at Penguin Group.

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