Swiss Re: Natural Disasters Cost Insurers $115 Billion this Year

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Hurricane Ian and other natural catastrophes, such as European winter storms, floods in Australia and hailstorms in France and the U.S., have cost insurers an estimated $115 billion so far this year, according to a report published by Swiss Re Institute.

This is the second consecutive year in which the estimated insured losses will total more than $100 billion, continuing the trend of a 5%-7% average annual increase over the past decade, although nat cat losses are down from last year’s total of $121 billion, Swiss Re said

The re/insurance industry covered roughly 45%

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