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Aon reports global economic losses from natural disasters for the first half of 2018 were estimated at $45 billion. (Photo: Shutterstock)

Impact Forecasting, the catastrophe model development team of Aon’s Reinsurance Solutions business, has released its Global Catastrophe Recap: First Half (1H) of 2018 report, which evaluates the impact of the natural disaster events that occurred worldwide in the first six months of the year.

The report reveals that global economic losses from natural disasters for the first half of 2018 were estimated at $45 billion. Experts point out this number is 64% lower than the 10-year average of $124 billion, and 48% lower than the 18-year average of $87 billion.

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Danielle Ling

Danielle Ling is an experienced video journalist and business reporter. As associate editor, Danielle manages all multimedia and reports on industry news and risk-related coverage, managing all weather-related content. A University of Maryland and Philip Merrill College of Journalism alum, Danielle previously served as a video journalist for Verizon FiOS 1 News NJ, Push Pause. Connect with Danielle on LinkedIn or email her at [email protected].

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