Two people overlook destroyed buildings after the earthquake in Turkey in February 2023. Two people overlook destroyed buildings after earthquakes in Turkey in February 2023. Photo: Abdulkadir/Adobe Stock

There were seven catastrophe events internationally (outside of the U.S.) in 2023 that each caused losses in excess of $1 billion USD, according to the CRESTA Industry Loss Index (CLIX). In total, these events caused losses amounting to $16.7 billion. This is below the average of $17.1 billion (adjusted) caused by international CAT events over the last 23 years.

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