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$152 Billion and Rising: New Report Shows Insurance Industry Facing Growing Average Annual Losses from Natural Catastrophes

Summary by Globe Newswire
Modeled non-crop property & casualty losses rose 25 percent compared to 2024, with severe thunderstorms and other frequency perils accounting for two...

8 Articles

The insurance industry is facing a turning point: According to the new "Global Modeled Catastrophe Losses Report", the average annual damage caused by natural disasters has risen to 152 billion dollars (130 billion euros). Inflation, urbanization and climate change significantly shift the risk profile to steady, loss-rich frequency damage and away from rare extreme events. According to Verisk, so-called "Frequency Perils" are gaining in importan…

Over the past five years, insured damage from natural disasters has on average amounted to 132 billion US dollars per year. In the previous period, the figure was 104 billion dollars. The damage now caused is no longer seen as a runaway but as a normal condition, warns risk modeler Verisk. The article Verisk warns against global insurance gap appeared first on insurance industry today.

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NiagaraFallsReview.ca broke the news in Niagara Falls, Canada on Tuesday, September 2, 2025.
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