$152 Billion and Rising: New Report Shows Insurance Industry Facing Growing Average Annual Losses from Natural Catastrophes

$152 Billion and Rising: New Report Shows Insurance Industry Facing Growing Average Annual Losses from Natural Catastrophes

VRSK
Negative
Market
$152 Billion and Rising: New Report Shows Insurance Industry Facing Growing Average Annual Losses from Natural Catastrophes

Summary

Modeled non-crop property & casualty losses rose 25 percent compared to 2024, with severe thunderstorms and other freque...

Modeled non-crop property & casualty losses rose 25 percent compared to 2024, with severe thunderstorms and other frequency perils accounting for two thirds of total potential losses, according to Verisk Modeled non-crop property & casualty losses rose 25 percent compared to 2024, with severe thunderstorms and other frequency perils accounting for two thirds of total potential losses, according to Verisk