Fresh reporting from Aon Benfield pegs 2017 as the costliest year on record for weather disasters, with the tally for losses and recovery reaching $353 billion.
The National Centers for Environmental Information (NCEI) previously reported that the cost of 2017’s natural disasters in the U.S. could exceed $306 billion, which was already a U.S. annual record.
The second most costly year for natural disasters in the U.S. was 2005, when Hurricanes Dennis, Katrina, Rita and Wilma drove the annual cost in the U.S. to $214.8 billion, according to NCIE.
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Elana Ashanti Jefferson
Elana Ashanti Jefferson is ALM PropertyCasualty360's Editor in Chief. She is a veteran journalist and communications professional. Reach her by sending an e-mail to [email protected].
