Business
$152 Billion and Rising: New Report Shows Insurance Industry Facing Growing Average Annual Losses from Natural Catastrophes
Modeled non-crop property & casualty losses rose 25 percent compared to 2024, with severe thunderstorms and other frequency perils accounting for two thirds of total potential losses, according to Verisk Comparison of insured losses exceeding $1 billion by peril between 2015–2019 and 2020–2024 Comparison of insured losses exceeding $1 billion by peril between 2015–2019 and 2020–2024 Contribution to global insured AAL by peril for all regions Contribution to global insured AAL by peril for all re
About this update from Verisk Analytics, Inc.
[{"type":"image","alt":"Verisk Analytics, Inc.","displaySize":"","headline":null,"caption":"Verisk Analytics, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":85,"url":"https://media.zenfs.com/en/globenewswire.com/9664b9c9b6a8cebc6fc8c366a1748e75"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/Mfse1nYrG.4xDtkxNm1paw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTExOTtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/9664b9c9b6a8cebc6fc8c366a1748e75","width":300,"height":85}},"lazy":false},{"type":"text","content":"Modeled non-crop property & casualty losses rose 25 percent compared to 2024, with severe thunderstorms and other frequency perils accounting for two thirds of total potential losses, according to Verisk","length":207,"tagName":"p"},{"type":"text","content":"Comparison of insured losses exceeding $1 billion by peril between 2015–2019 and 2020–2024","length":90,"tagName":"p"},{"type":"image","alt":"Comparison of insured losses exceeding $1 billion by peril between 2015–2019 and 2020–2024","displaySize":"","headline":null,"caption":"Comparison of insured losses exceeding $1 billion by peril between 2015–2019 and 2020–2024","credit":"GlobeNewswire Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":1920,"height":1080,"url":"https://media.zenfs.com/en/globenewswire.com/75009a9ea0719e75b0f4e1ad2b40b0d7"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/dekeUXZVTONlIEEyE1wSTA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTU0MDtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/75009a9ea0719e75b0f4e1ad2b40b0d7","width":960,"height":540},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/R4qqJP3IrXDI7tZ9p5al6Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTI0MDA7aD0xMzUwO2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/75009a9ea0719e75b0f4e1ad2b40b0d7","width":1200,"height":675}}},{"type":"text","content":"Contribution to global insured AAL by peril for all regions","length":59,"tagName":"p"},{"type":"image","alt":"Contribution to global insured AAL by peril for all regions","displaySize":"","headline":null,"caption":"Contribution to global insured AAL by peril for all regions","credit":"GlobeNewswire Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":1920,"height":1080,"url":"https://media.zenfs.com/en/globenewswire.com/40125c659e5e347f5a38432afac67efd"...