| Top 10 Costliest World Natural Disasters by Insured Losses, 2024 (1) |
(US$ billions)
|
| Rank |
Date |
Country/region |
Event |
Insured loss (2) |
| 1 |
Oct. 8-11 |
U.S., Mexico |
Hurricane Milton |
$20.0 |
| 2 |
Sep. 25-28 |
U.S., Mexico, Cuba |
Hurricane Helene |
17.5 |
| 3 |
May 6-10 |
U.S. |
Severe Convective Storm |
5.2 |
| 4 |
Mar. 12-16 |
U.S. |
Severe Convective Storm |
4.8 |
| 5 |
Oct. 27-30 |
Spain |
Valencia Floods |
3.9 |
| 6 |
May 17-22 |
U.S. |
Severe Convective Storm |
3.9 |
| 7 |
Aug. 3-11 |
U.S., Canada |
Hurricane Derby |
3.9 |
| 8 |
Jul. 1-11 |
U.S., Caribbean, Canada |
Hurricane Beryl |
3.7 |
| 9 |
May 25-26 |
U.S. |
Severe Convective Storm |
3.6 |
| 10 |
Annual |
U.S. |
U.S. Drought |
3.5 |
| All other events |
|
|
|
75.1 |
| Total 2024 |
|
|
|
$145 |
(1) Natural disasters that cause at least US$25 million in insured losses; or 10 deaths; or 50 people injured; or 2,000 filed claims or homes and structures damaged. Hurricane losses in the United States include National Flood Insurance Program losses. As of January 2025.
(2) Includes losses sustained by private insurers and government-sponsored programs. Subject to change as loss estimates are further developed.
Note: Loss data shown here may differ from figures shown elsewhere for the same event due to differences in the date of publication, the geographical area covered and other criteria used by organizations collecting the data. |
|