Destroyed buildings after the earthquake in Turkey. Earthquake scenes from Kahramanmara? and Hatay. 7.8 and 7.4 eartquake. 6 FEBRUARY 2023. Two people sit outside destroyed buildings after the earthquake in Turkey in February 2023. The quake, which also affected Syria, caused estimated insured losses of $6.2 billion. Photo Abdulkadir/Adobe Stock

Natural catastrophes caused $108 billion in global insured losses in 2023 — making it the fourth consecutive year that global NAT CAT losses exceeded $100 billion, according to recent findings from the Swiss Re Institute.

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Brittney Meredith-Miller

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