After consecutive record loss years for extreme weather, 2019 closed out the costliest decade for natural catastrophes with a below-average economic loss total. At $232 billion, the year's economic loss total for natural disasters fell 3% below average losses since 2000, and 20% below losses of the last decade, according to Aon. Of that $232 billion, $71 billion was covered by insurance. 2019 recorded 409 natural catastrophe events, but half of the year's global insured loss total was created by the top 10 costliest weather events ($35 billion). Outlined in Aon's 2019 Weather, Climate & Catastrophe Insight Report, data shows that a new record was set over the last decade for economic and insured losses. According to Aon, between 2010 and 2019, global economic losses totaled $2.98 trillion, more than doubling the $1.19 trillion total of the previous decade. In the slideshow above, discover the 10 worst natural disaster events of 2019 ranked by insured losses and economic losses, according to Aon's 2019 Weather, Climate & Catastrophe Insight Report. See also: |
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Danielle Ling
Danielle Ling is an experienced video journalist and business reporter. As associate editor, Danielle manages all multimedia and reports on industry news and risk-related coverage, managing all weather-related content. A University of Maryland and Philip Merrill College of Journalism alum, Danielle previously served as a video journalist for Verizon FiOS 1 News NJ, Push Pause. Connect with Danielle on LinkedIn or email her at [email protected].
