Total losses from natural catastrophes, including those not covered by insurance, were $250 billion in 2023.

By U.S. Gov Connect | Patrick Tennant

01/08/2024

Total losses from natural catastrophes, including those not covered by insurance, were $250 billion in 2023. This staggering figure highlights the devastating impact that natural disasters can have on economies and communities around the world. While insurance can provide some financial relief, it is clear that there is still a significant gap in coverage and protection.

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A VIDEO TOTAL LOSSES FROM NATURAL CATASTROPHES.

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  • The year 2023 witnessed several major natural catastrophes that contributed to this alarming number. Hurricanes, floods, earthquakes, wildfires, and other extreme weather events wreaked havoc in various parts of the globe, causing widespread destruction and loss of life. The economic consequences of these disasters are far-reaching, affecting not only the immediate areas affected but also the global economy as a whole.