Insured losses from the storm in Florida alone were $15.5 billion and economic losses totaled more than $26 billion, according to Swiss Re.
The major drivers of insured losses in 2021 were secondary perils, including floods, wildfires, and severe storms.
At the same time, insured catastrophe-related losses remained high, with estimated nine-months net loss and loss adjustment expenses from catastroph
Insured losses from March storms in the United States are likely to surpass $1 billion, Aon said in its monthly Global Catastrophe Recap.
Insured losses related to civil disorder in 2020 are on their way toward a level not seen since 1992, according to estimates by insurance industry a
Insured losses associated with 2018’s Hurricane Michael reached almost $7.