Insured losses from major natural catastrophes in 2020 reached roughly $78 billion, the fourth largest total since 2011, and about 17% higher than the ten-year average of $66.5 billion. However, the total does not reflect high levels of storm activity, because multiple hurricanes and tropical cyclones skirted major built-up areas last year, according to the… Continue reading Above-Average Annual Insured Natural Catastrophe Losses in 2020 Despite Multiple ‘Near-Misses’
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