Aon: 2020 Nat Cat Insured Losses $97 Billion

40% above the average for this century.
January 27, 2021

Natural catastrophes resulted in $97 billion in insured losses in 2020, 40% above the average for this century, in a year when insurers also faced hefty bills due to the coronavirus pandemic, insurance broker Aon said in a report.

Hurricane Laura, which hit the United States and Caribbean in August, caused a $10 billion insured loss, the largest global insured loss event of 2020, Aon said.

Economic losses from natural disasters - insured and uninsured combined - totaled $268 billion worldwide, with seasonal floods in China between June and September causing the greatest loss event at $35 billion.

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