Weather Catastrophes Drive Near-Record Insured Losses
Winter storms, intense heatwaves, and severe flooding triggered $40 billion of estimated losses in the first half of 2021.
Disaster Losses Hit Five-Year High of $175B
Some of last year's disasters such as storms in Texas struck areas with high insurance penetration, accounting for a 42% increase in payouts.
Storm-Surge Damage Boosts Loss Estimate to $22 Billion
A risk-modeling firm hikes its top estimate of insured losses from Hurricane Sandy from $15 billion the day after the storm.