Severe convective storm losses have averaged $33 billion annually since 2025, up 90% from the previous decade. (Credit: Sabphoto/Adobe Stock)
Global economic losses from natural catastrophes were at least $83 billion in the first quarter, according to a new report from Aon.
In 2024, losses in the first quarter were just $54 billion. The 21st century average for first quarter losses is $61 billion — this year’s losses are 36% higher.
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Corey Dahl
Corey Dahl is assistant editor with PropertyCasualty360.com. Reach her at [email protected].
