Homes surrounded by floodwater after Hurricane Beryl made landfall in Sargent, Texas, on July 8. (Credit: © 2024 Bloomberg Finance LP) Homes surrounded by floodwater after Hurricane Beryl made landfall in Sargent, Texas, on July 8.

(Bloomberg) — Natural catastrophes caused about $62 billion of insured losses in the first half of 2024 — roughly 70% above the 10-year average — as extreme wildfires, droughts and floods upend historical norms.

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