New Report: Average Annual Natural Catastrophe Losses for the Insurance Industry Reaches New High of $151 Billion
VRSKVerisk(VRSK) GlobeNewswire News Room·2024-09-03 16:00

BOSTON, MA, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, is newly reporting the average annual loss (AAL) from global natural catastrophes has reached a new high of 151billion(withnoncroplossesmakingup151 billion (with non-crop losses making up 119 billion). Additionally, the average exposure growth is expected to be 7.2 percent, including growth in property replacement values from new construction and inflation across modeled countries over the past five years. These fi ...