Global Insured Catastrophe Losses Now Expected to Average $171 Billion Annually, Verisk Finds
Verisk Analytics has released its 2026 Global Modeled Catastrophe Losses Report estimating that the insurance industry should expect $171 billion in average annual insured catastrophe losses, up $19 billion from the previous year and the highest on record. The increase occurs despite a quiet U.S. hurricane season, driven by growth in property expos…