Extreme Weather Sends Insured Losses 70% Above Historical Norms

Natural catastrophes caused about $62 billion of insured losses in the first half of 2024 — roughly 70 percent above the 10-year average — as extreme wildfires, droughts and floods upend historical norms. The data, which were compiled by Munich Re, show that “weather catastrophes in the U.S.” dominated losses in the period, Tobias Grimm, … Continued