X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
mobile home damaged by Hurricane Irma A mobile home damaged by Hurricane Irma is seen at the Riviera Colony neighborhood in Naples, Florida, on Monday, Oct. 30, 2017. (Photo: Scott McIntyre/Bloomberg)

Total global economic losses from natural and man-made disasters in 2017 were $337 billion, almost double the losses in 2016 and the second highest on record, the latest sigma study from the Swiss Re Institute says.

Global insured losses from catastrophe events, meanwhile, were $144 billion, the highest-ever recorded in a single year. The highest losses came from three hurricanes — Harvey, Irma and Maria (HIM) — that struck the U.S. and the Caribbean in quick succession. These hurricanes resulted in combined insured losses of $92 billion, making 2017 the second costliest North Atlantic hurricane season since 2005.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

Jayleen R. Heft

Jayleen Heft is the digital content editor for PropertyCasualty360.com. Contact her at [email protected]

More from this author

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.