The US P&C insurance industry has experienced challenges in recent years due, in large part, to increases in the frequency and severity of natural catastrophes
2023 will be a difficult year for the US P&C industry: claims severities surged with inflation, natural catastrophe losses were elevated for a sixth straight year
Climate change is taking an increasing toll. The natural disaster figures for 2022 are dominated by events that are more intense or are occurring more frequently
The world saw another year of impactful natural catastrophe events that once again emphasized the need to better account for the growing risks that these hazards bring
Global natural disasters in 2022 resulted in near-average economic losses totaling $313 bn. Half of losses occurred in the United States and were driven by Hurricane Ian