Despite the absence of so-called “megacatastrophes”, a high number of loss events resulted in a 50 percent increase in economic losses from natural catastrophes to $75bn, with subsequent insured losses almost doubling to just under $30bn.
Despite the absence of so-called “megacatastrophes”, a high number of loss events resulted in a 50 percent increase in economic losses from natural catastrophes to $75bn, with subsequent insured losses almost doubling to just under $30bn.