It has already been an active and costly year for natural disasters.
Aon Benfield's "Global Catastrophe Recap: First Half of 2016" report reveals that for the first half of 2016, preliminary global economic losses reached $98 billion and global insured losses $30 billion — the highest levels since 2011.
On the positive side, this estimate is still slightly below the 10-year averages of $112 billion and $31 billion, respectively. However, the losses were slightly above the longer-term averages of $84 billion and $24 billion dating to 2000.
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Jayleen R. Heft
Jayleen Heft is the digital content editor for PropertyCasualty360.com. Contact her at [email protected].
