Hurricane Ian and other natural catastrophes have caused an estimated $115 billion of insured losses so far this year, well above the 10-year average of $81 billion, Swiss Re estimated on Thursday.
Remains of destroyed houses are seen almost one month after Hurricane Ian landfall, in Fort Myers Beach, Florida, U.S., October 26, 2022. REUTERS/Marco Bello
Ian, a category-4 hurricane which struck Florida in September, was the single largest loss-causing event of the year to date, with an estimated insured loss of $50–65 billion. That would put it second only to Hurricane Katrina in 2005. Secondary perils such as floods and hailstorms caused more than $50 billion in insured losses, it said.
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