1

Planet Just Had Costliest Decade for Global Natural Disasters: Insurance Industry Report by Andrea Germanos

The planet just closed out the costliest decade ever for natural disasters, insurance broker Aon said Wednesday.

The economic losses from 2010–2019, according to Aon’s Weather, Climate & Catastrophe Insight: 2019 Annual Report (pdf), hit nearly $3 trillion. That’s up from 1.8 trillion recorded between 2000 and 2009.

“Perhaps the biggest takeaway from the last decade of natural disasters,” said Steve Bowen, director and meteorologist at Aon’s Impact Forecasting team, “was the emergence of previously considered ‘secondary’ perils—such as wildfire, flood, and drought—becoming much more costly and impactful.”

Read More