Hurricane Ian flooded houses in Florida residential area. Credit: bilanol/Adobe Stock
Insured losses reached $145 billion globally in 2024 to notch the sixth costliest year on record, according to an Aon report.
Meanwhile, 60% of economic damage caused by catastrophes in 2024 was uninsured, the data showed, after global natural disaster events caused $368 billion in economic losses, driven by hurricanes and severe convective storms in the U.S.
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Joe Toppe
Joe Toppe serves as managing editor of PropertyCasualty360.com. Joe is also a father of three, an author, and longtime lover of baseball.
