Hurricane approaching the American continent visible above the Earth. Elements of this image furnished by NASA. Hurricane Ian – which hit parts of the United States and Cuba in September – was the most costly event worldwide in 2022, causing total losses around $100 billion. (Credit: Mike Mareen/Adobe Stock)

Global natural disaster losses in 2022 totaled $270 billion USD, according to a recent report from Munich Re. Around $120 billion of these losses were insured, which comes in above the average of $97 billion in insured losses from 2017 to 2021.

Weather events caused the most damage, and Hurricane Ian – which hit parts of the United States and Cuba in September – was the most costly event worldwide, causing total losses around $100 billion.

Brittney Meredith-Miller

Brittney Meredith-Miller is assistant editor of PropertyCasualty360.com. She can be reached at [email protected]

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