Economic losses from natural disasters in the U.S. reached $217.8bn in 2024, marking an 85.3% increase from the previous year, according to Aon. The figure is the highest since 2017, driven primarily by Hurricanes Helene and Milton, which caused losses of $75bn and $25bn, respectively. Liz Henderson, global head of climate risk advisory at Aon, stated: “When those events happen, they affect a large area and they affect areas with large values in terms of properties and people and content.” Globally, economic losses totaled $368bn, with insured losses rising to $145bn. The year 2025 has already begun with devastating wildfires in Los Angeles County, projected to be among the costliest disasters in U.S. history.
Natural disaster losses hit record high
57 responses to “Natural disaster losses hit record high”
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