The first half of 2015 experienced global natural disaster losses below the 10-year (2005-2014) and 15-year (2000-2014) averages from both the economic and insured loss standpoint.
Preliminary Q1/Q2 global natural disaster losses data from Aon Benfield revealed $46 billion in economic losses, a 58% drop from the 10-year average of $107 billion.
Insured losses were recorded at $15 billion, a 47% decline from the 10-year average of $28 billion and down 34% from the 15-year average of $23 billion.
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Trudy Knockless
Trudy Knockless is a reporter on ALM Media's Business of Law desk. She has a background serving legal and insurance publications. Contact her at [email protected] or on LinkedIn at Trudy Knockless.
