In 2024, the damage from natural disasters to insured property amounted to $127 billion. The majority of this damage occurred in the United States, where losses reached approximately $100 billion. Notably, nearly half of this amount, specifically $41 billion, was related to wildfires in California, which became the most destructive in the region's history.
As for hurricanes, storms, and typhoons, estimates by Aon indicate they caused $61 billion in damage. The most costly was Hurricane Melissa, which resulted in losses of $11 billion, of which $9 billion were recorded in Jamaica, where the damage accounted for 40% of the annual gross domestic product. It is also worth noting that 2025 was the third hottest year on record. Extreme temperatures led to the deaths or premature demise of at least 25,000 people worldwide.
