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Price tag for 2017 natural disasters could reach $353 billion

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.

By Elana Ashanti Jefferson | Updated on January 25, 2018
Total losses in 2017 for Hurricanes Harvey (seen here), Maria and Irma were $220 billion while insured losses for these three weather events were $80 billion. These three natural disaster also claimed a total of 875 human lives, according Aon Banfield’s Impact Forecasting department. (Photo: AP Images)

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.

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Elana Ashanti Jefferson

Elana Ashanti Jefferson

Elana Ashanti Jefferson serves as ALM's PropertyCasualty360 Group Chief Editor. She is a veteran journalist and communications professional. Reach her by sending an e-mail to [email protected].

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