Tags: EU | Disaster | Losses

2017 Saw Record Insured Losses from Disasters, Study Finds

Tuesday, 10 April 2018 07:38 AM

BERLIN (AP) — Swiss Re says insured losses worldwide from disasters reached a record $144 billion last year, the highest on record.

In an annual study released Tuesday, the Swiss reinsurance company said total losses from natural and man-made disasters hit $337 billion in 2017 — twice as high as the year before and second only to 2011.

Much of the economic damage was caused by hurricanes Harvey, Irma and Maria that struck the Caribbean and the United States last year. Together, the three storms accounted for insured losses of $92 billion in 2005, the second costliest North Atlantic hurricane season after 2005.

Wildfires also caused significant economic damage, with insured losses running to $14 billion last year.

© Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

   
1Like our page
2Share
GlobalTalk
Swiss Re says insured losses worldwide from disasters reached a record $144 billion last year, the highest on record.In an annual study released Tuesday, the Swiss reinsurance company said total losses from natural and man-made disasters hit $337 billion in 2017 - twice as...
EU,Disaster,Losses
116
2018-38-10
Tuesday, 10 April 2018 07:38 AM
Newsmax Media, Inc.
 
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved