Global natural disasters caused US $ 368 billion in economic losses in 2024

Global natural disasters caused US $ 368 billion in economic losses in 2024

Global natural disasters generated economic losses of US $ 368 billion in 2024, According to a private report.

The study 2025 climate and catastrophe insightmade by AON, a leading firm in professional services, announced the economic losses caused by natural disasters. This report shows the ninth consecutive year with losses that exceed 300 billion dollars.

Meteorological phenomena are being increasingly frequent and expensive. The losses secured in 2024 were 54% higher than the average of the 21st century, reaching the 145 billion dollars of the 368 billion in damages.

Although the insured losses were much higher than the average, The protection gap continued to be 60%, which represents a great financial challenge for communities, companies and governments.

Population growth, wealth and exposure to natural danger in high -risk areas remains a fundamental factor in increasing disaster losses.

He Hurricane Helene It was the most expensive event worldwide in 2024. This hurricane hit the United States in September, causing damage worth 75 billion dollars and the death of 243 people.

For its part, andL Hurricane Milton, occurred in October, it was the event of greatest insured losses, with 20 billion dollars in damages. These phenomena contributed to the fact that 78% of global insured losses were registered in the United States.

The 10 main economic loss events worldwide were the following:

-Huracán Helene, which affected the United States, Mexico and Cuba.

-Huracán Milton, in the United States and Mexico.

-Terremoto notic, in Japan.

-Inundations in Valencia, Spain.

-Inundations in South and Center of China.

-Tiphon Yagi, in China and Southeast Asia.

-Huracán Beryl, in the United States, Canada and the Caribbean.

-Inundations in central Europe.

-Sechiah in the United States.

-You will be convective storms in the United States.

Besides, In 2024, 18,100 people lost their lives due to natural disasters, mainly due to heat waves and floods worldwide.

This was below the average of the 21st century of 72,400 and could be attributed to better alert systems, weather forecasts and evacuation planning, which underlines the value of data, knowledge and reliable climate analysis, it was reported.

Source: Ambito

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