US Hurricanes Since 2015: Economic Impact, Insured Losses & Risk Analysis
Explore major US hurricanes since 2015, their economic and insured losses, and how storms reshape insurance, risk modeling, and disaster resilience
Natural Catastrophe Event
A natural catastrophe event is an unexpected event, caused by nature, such as an earthquake or flood, in which there is a lot of suffering, damage, or death.
Examples of natural hazards include: avalanche, coastal flooding, cold wave, drought, earthquake, hail, heat wave, hurricane (tropical cyclone), ice storm, landslide, lightning, riverine flooding, strong wind, tornado, typhoon, tsunami, volcanic activity, wildfire, winter weather.
A physical event, such as a volcanic eruption, that does not affect human beings is a natural phenomenon but not a natural hazard. A natural phenomenon that occurs in a populated area is a hazardous event.
In this section, we have collected the most current articles and reviews on the topic of the Natural Catastrophe Event.
Hurricane Katrina’s $100 bn Legacy Still Shapes Insurers 20 Years On
Hurricane Katrina struck Louisiana on 2005. Katrina generated $104.5bn in insured losses, according to the Insurance Information Institute
Global Natural Catastrophe Insured Losses Review. New Trends in H1 2025
Global insured losses from natural catastrophes reach $80 bn in the first half of 2025. This is almost double the 10-year average and more than half of the $150 bn
Most Severe Natural Disasters in H1 2025. Regional Overview
Worldwide, natural disasters caused overall losses of around $131 bn in the first half of 2025 (previous year, adjusted for inflation: $155 bn), of which $80bn was insured (in 2024: $64 bn)
Kentucky Storms Reshape the U.S. Home Insurance Market
Severe weather in Kentucky drives up insurance rates, strains carriers, and prompts regulatory changes as tornadoes and hailstorms increase in frequency and cost
2025 Natural Catastrophes Drive Record-High Economic and Insured Losses
Global insured losses from natural disaster events in Q1 2025 were preliminarily estimated to reach at least $53 bn, the highest Q1 insured losses since Q1 2011 ($81 bn)
Natural Catastrophe Exposure Continues to Pressure P&C Insurance Results
Wider natural catastrophe exposure continues to pressure financial results across the property and casualty (P&C) insurance industry
P&C Insurance Faces Rising Catastrophe & Legal Risks in 2025
Fitch Ratings projects that the property and casualty (P&C) insurance sector will continue to face difficulties in 2025 due to volatile natural catastrophe risks
Insurance-Linked Securities Market in 2025 Hits New Record as Investor Interest Grows
The insurance-linked securities (ILS) market hit $107 bn in capacity by the end of 2024, driven by strong investor returns and increased catastrophe bond issuance
WTW’s Natural Catastrophe Review: 2024 Key Data Insights and Trends
WTW has analyzed natural disasters, key lessons, and emerging trends. The assessment will focus on physical and vulnerability NatCat factors
Insured Catastrophe Losses in Canada Surge to C$8.5 bn, Tripling in 2024
Insured catastrophe losses in Canada reached a record C$8.5 bn in 2024, nearly tripling the prior year’s total and standing 12 times higher than the annual average
Global Natural Catastrophe Overview: Economic & Insured Losses for 2024 FY
In 2024, global natural perils resulted in total direct economic costs of $417 bn. Of this, $154 bn was covered by private insurers and public insurance entities
Hurricanes, Severe Thunderstorms and Floods Drive $100 bn Insured Losses
In the US, two major hurricanes and frequent severe thunderstorms accounted for at least two-thirds of the year’s global insured losses, which currently exceed $135 bn
European System for Natural Catastrophe Risk Management & Re/Insurance
Economic losses from natural catastrophes in the EU are rising due to increased economic exposure and the growing severity of climate-related disasters
Comparing Europe’s Approaches to Natural Catastrophe Insurance & Gov-Backed Schemes
Government-backed catastrophe insurance schemes play a vital role in managing the financial impact of natural disasters across Europe
Southern Germany Floods Caused up to $2 bn Insurance Loss from 2024
PERILS has released its third insurance industry loss estimate for the floods that hit southern Germany from May 31 to June 6, 2024
Catastrophic Losses & Rising Global Flood Insurance Risks: $135 bn in 2024
2024 is on track to become the hottest year recorded. A warming climate has intensified natural catastrophes, especially in Europe, which faced severe flooding
Global Catastrophe Report: Top 5 Costliest Economic & Insured Loss Events
Q3 2024 saw a number of significant disaster events, which drove total economic losses from natural catastrophes above at least $258 bn
Hurricane Milton Economic and Insurance Loss Forecast: Impact on Re/Insurers
Economic and insured losses from Hurricane Milton remain uncertain, Milton is the second major storm to hit the U.S. within two weeks, following Hurricane Helene
Global Natural Disaster Losses in H1 2024 Reached $120 bn
Global natural disaster losses in the first half of 2024 reached $120 bn, down from 2023, which saw $140 bn in losses due to a severe earthquake in Turkey and Syria
Major Natural Disasters in H1 2024: Insights for Insurance Industry
Natural disasters amplified by climate change continue to take a bitter toll on the global economy, caused $350 bn in economic losses, with insurance covering just over $100 bn
H1 2024 Global Natural Catastrophe Statistics: Economic & Insurance Losses
1H 2024 saw multiple notable natural catastrophe events, which drove total year-to-date economic losses above at least $117 bn
Insurance Industry Faces Challenges as Atlantic Hurricane Season Begins
The 2024 Atlantic hurricane season officially began and has already been active. Business owners found that 91% identified specific weather or natural hazards as risk
2024 Global Natural Catastrophes. Top 10 Costliest Insured Events
The total economic loss from global natural catastrophes for H1 2024 was estimated at $128 bn, insured losses totalled at $61 bn
Global Natural Catastrophe Report: Q1 2024 Insurance Insights
The global financial cost of natural catastrophes starting in 2024 was manageable for federal governments and the insurance industry
Insured Losses from Noto Peninsula Earthquake in Japan Forcasts
Insured losses from the 7.6 magnitude earthquake that struck the Ishikawa prefecture on the Noto Peninsula, Japan, on 1 January 2024 are likely to be small
Largest Natural Disasters Review: Thunderstorms & Earthquakes Cost
The past year was once again characterised by extremely high insured losses from natural disasters, despite the fact that there were no extreme individual losses
Natural Catastrophes Will Break Several Insured Losses Records
Natural catastrophes will once again break several insured loss records in 2023. A high number of low-to-medium-severity events will aggregate to insured losses
US P&C Insurance Generates Underwriting Losses Despite Premium Growth
US P&C insurance industry continued to generate significant underwriting losses in 2024 despite strong premium growth
North Atlantic & Western North Pacific Hurricane Season’s Impact for Re/Insurers
Moody’s RMS overview of North Atlantic seasonal activity forecasts and summarized the key oceanic and meteorological drivers behind the predictions
Natural Disaster Trends. Top 10 Costliest Economic & Insured Loss Events
Most natural disaster databases show a significant decline in the number of annual global events prior to 1980. While the biggest natural catastrophe events are typically captured
Major Natural Disaster Eventsand Insurance Loss Insights in APAC Regions
Catastrophes and natural disasters in the Asia Pacific (APAC) region amounted to a total economic loss of $80 bn. A substantial protection gap of 86%
Insured Losses from Major Natural Catastrophes in H1 Estimated $23 bn
Insured losses from major natural catastrophes in the second quarter of 2023 are estimated to be less than $10 bn, in H1 totaled $23 bn
Inflation, Insurance Losses from Natural Catastrophes & Longevity Dains
The current environment is complex: inflation has stayed higher for longer than expected, natural catastrophes cause increased losses
Florida Hurricane Catastrophe Fund’s Losses & Insurance Claims Outlook
Florida Hurricane Catastrophe Fund plays a vital role in Florida’s property-insurance system as it provides relatively low-cost reinsurance
Insurers Poorly Prepared for the Increased Losses by Catastrophe & Flooding
Re/Insurers poorly prepared for the increased loss frequency and intensity wrought by flooding and climate change as this year’s North Atlantic hurricane season
Terrorism & Political Violence Insurance Market – Risk Review
Political Violence (Re)Insurance Risks are escalating as the world navigates a succession of crises. Economic and geopolitical shocks have dominated agendas
Triple-I’s Recommendations When Tornado-Caused Property Damage Occurs
Policyholders should contact their insurer to obtain the assistance they need. Many claims-filing services are available via either a mobile app or online
Re/Insurance Underwriting Results. Drivers of Natural Catastrophe Loss Growth
Property reinsurance rates rose significantly at the renewals. The losses from Hurricane Ian last year were a contributory factor
Natural Catastrophes Drivers. 6 Main Lessons for Insurance Industry
The natural disasters demonstrate that economic factors, in the last two years augmented by inflation, are the main driver of elevated insured losses from natural catastrophes
Global Insured Losses from Natural Catastrophes Perspective
Natural disasters resulted in global economic losses of USD 275 billion, of which USD 125 billion were covered by insurance, the fourth highest one-year total
How ILS Can Support Additional Re/Insurance Capacity for Cyber Risk
ILS plays a key role in allowing catastrophe risk to be transferred from the commercial insurance market to investors, providing additional (re)insurance capacity
Global Reinsurance Capital Challenge in Natural Catastrophe
While there was sufficient capacity to meet the reinsurance needs of cedants at 1.1, it is also true that the amount of reinsurance capital being deployed was diminished in 2022
Worst Natural Disasters. Global Natural Catastrophe Review
Climate change is taking an increasing toll. The natural disaster figures are dominated by events that are more intense or are occurring more frequently
Global Natural Catastrophe & Hazard Review. Insurance Implications
The world saw another year of impactful natural catastrophe events that once again emphasized the need to better account for the growing risks that hazards bring
Insurers enter 2026 with longer settlement cycles, rising volumes, and slow AI adoption, increasing costs and operational risk, AutoRek finds
Global insurance M&A stabilised, as insurers and brokers took a more strategic approach to acquisitions amid falling interest rates and a realignment of strategic priorities
U.S. life insurers posted modest Prism score gains, with resilient capital strength despite rising annuity volumes and investment risk pressures
Health insurance is an integral part of employee benefits packages in the United States. However, any employer federally required to provide this compensation could admit that their costs can be burdensome