Average annual insured cat losses hit $151bn: Verisk
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Average annual insured cat losses hit $151bn: Verisk

Urban expansion, climate change and inflation are key drivers of losses.

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Caribbean Hurricane Homeowners Damage Cat Loss.jpg

Insured cat losses have reached a new high of an average of $151bn per year, according to Verisk.

The data analytics firm said non-crop losses made up $119bn of the annual insured cat losses, with average exposure growth expected to...

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