A large insurance gap is also witnessed on a global level. More than half (57%) of losses from natural catastrophes in 2021 were not insured, according to Munich Re. (Credit: Sarah J Lee/Shutterstock.com) A large insurance gap is also witnessed on a global level. More than half (57%) of losses from natural catastrophes in 2021 were not insured, according to Munich Re. (Credit: Sarah J Lee/Shutterstock.com)

During 2021, natural catastrophes (NAT CAT) caused more than $280 billion in losses worldwide, according to Munich Re, which reported approximately $145 billion of those losses occurred in the U.S.

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]

Catastrophe & Restoration
Weather Risk