Fresh reporting from Aon Benfield pegs 2017 as the costliestyear on record for weather disasters, with the tally for lossesand recovery reaching $353 billion.
The National Centers for Environmental Information(NCEI) previously reported that the cost of2017’s natural disasters in the U.S. could exceed $306 billion,which was already a U.S. annual record.
The second most costly year for natural disasters in the U.S.was 2005, when Hurricanes Dennis, Katrina, Rita and Wilma drove theannual cost in the U.S. to $214.8 billion, according toNCIE.
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Elana Ashanti Jefferson
Elana Ashanti Jefferson serves as ALM's PropertyCasualty360 Group Chief Editor. She is a veteran journalist and communications professional. Reach her by sending an e-mail to [email protected].
