Global insurers lost record USD 144 billion from catastrophes in 2017

Sorin Melenciuc 10/04/2018 | 15:57

Global insured losses from catastrophes hit USD 144 billion in 2017, a record high, according to Swiss Re, quoted by Reuters.

The worst disasters were recorded last year in North America, with Hurricanes Harvey, Irma and Maria resulting in combined insured losses of USD 92 billion, or 0.5 percent of US gross domestic product (GDP), Swiss Re said.

Wildfires generated insured losses of  USD 14 billion, the most ever in one year.

Photo credit: dreamstime.com

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