Non-peak perils dominate 2024 as global insured losses surpass $100 billion – Gallagher Re

Regionally, the US accounted for $128 billion, or 46%, of global economic disaster costs. According to Gallagher Re, these losses were driven by SCS, tropical cyclones, floods, and droughts, with further loss developments expected later in the year. Asia recorded $73 billion, or 26%, of economic disaster costs, which was lower than average.

Source