Extreme weather in 2024 sent insured losses soaring to the highest in 7 years
Fort Myers, Florida, on October 9, 2024 as Hurricane Milton approaches
CHANDAN KHANNA/AFP via Getty Images
- Global insured losses climbed to $140 billion last year, according to a report from Munich Re.
- That marks the highest level since 2017, led by damages from Hurricanes Milton and Helene in the US.
- Raging wildfires in Los Angeles could set up for even steeper weather-related losses in 2025.
Extreme weather events battered global insurance markets last year...
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