Dense fallen tree limbs prevent cleanup crews from reaching this destroyed workshed in Yazoo County, Miss., on Monday, May 3. A spate of tornadoes hit communities throughout the state on Sunday, May 2, 2021. (Photo: Rogelio V. Solis/AP)
Natural catastrophes during the first six months of 2021, including a deep winter freeze, hailstorms, and wildfires, contributed to insured losses totaling $42 billion globally, says Swiss Re Institute's preliminary sigma estimates. Man-made disasters triggered approximately another $2 billion of insured losses.
According to Swiss Re, natural disaster losses this year are above the previous ten-year average of $33 billion and are the second-highest on record for a first-half period after 2011 when the six-month total reached $104 billion.
Source: Swiss Re Institute Want to continue reading?
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Heather A. Turner
Heather A. Turner is the managing editor of ALM's NU Property & Casualty Group. She can be reached at [email protected].
