Aon: Record $50bn U.S. Severe Convective Storm Losses Drive Total Natural Catastrophe Toll in 2023
The report reveals that global insured losses from natural disaster events had reached
The aggregated death toll from 2023 natural catastrophe events had breached 75,000 during the same period, making 2023 the deadliest year since 2010.
In Q3 alone, there were at least four individual billion-dollar insured loss events for SCS in the
Other notable natural hazard events that took place during Q3 2023 included:
- Widespread flooding in
Beijing and several Chinese provinces in early August resulted in the costliest global economic loss event of Q3. - On
September 8 , a magnitude-6.8 earthquake occurred in theMoroccan High Atlas Mountain range, claiming nearly 3,000 lives, injuring more than 5,600 people, and causing significant material damage across the affected area. - The destructive flash flooding in northeastern
Libya in early September damaged thousands of buildings in Derna city and ranked as the second deadliest event of the year, with more than 4,300 fatalities. - Hurricane losses in the
U.S. were lower than average in Q3, which is considered the peak of the Pacific andAtlantic hurricane seasons. Two notable tropical systems, Hilary and Idalia, still caused significant losses that, collectively, reached into billions of USD.
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