Major wildfires, tropical cyclones and severe thunderstorms caused US$225 billion in economic losses globally and US$90 billion in insured losses in 2018 – nearly 50% higher than the annual average between 2000 and 2017. According to the 2019 Insurance Market Report from Aon, a leading global professional services firm providing a broad range of risk, retirement and health solutions, the catastrophe losses made 2017 and 2018 the most expensive two-year period for insurers ever recorded. “Insurers’ capital positions remain strong for primary and reinsurance markets.

source https://finance.yahoo.com/news/coming-off-most-expensive-two-180000635.html?.tsrc=rss