The rising cost of climate change

Disasters, such as wildfires and floods brought about by climate change, are an increasingly expensive risk for insurers


10 MOST EXPENSIVE DISASTERS OF PAST DECADE

Jun-Jul 2021: Heatwave
Northwestern U.S., British Columbia 
Loss: $8.9bn 
Deaths: 1,400

Aug 2021: Hurricane Ida 
Louisiana, New Jersey, New York
Loss: $75bn
Deaths: 107

Summer 2022: Heatwave
Europe
Loss: $10.4bn+ 
Deaths: 1,500

Jun-Aug 2022: Floods
Pakistan
Loss: $3bn 
Deaths: 1,717

Aug-Oct 2019:
Typhoons Faxai and Hagibis
Japan
Faxai loss: $9.1bn 
Hagibis loss: $17bn 
Hagibis deaths: 85

2017-2018: Wildfires
California
2017 loss: $180bn 
2017 deaths: 40 
2018 loss: $148.5bn 
2018 deaths: 103

Sep 2022: Hurricane Ian
Florida
Loss: More than $100bn Deaths: 101

Aug-Sept 2017: Hurricanes Harvey, Irma, Maria
Florida, Texas, Puerto Rico, Caribbean 
Harvey loss: $125bn 
Harvey deaths: 88
Irma loss: $65 billion 
Irma deaths: 134 
Maria loss: $107bn 
Maria deaths: 4,600

Jul 2021: Floods
Germany, Belgium, Austria, Switzerland, Netherlands 
Loss: $41.7bn 
Deaths: 230

2019-2020: Bushfires
Australia
Loss: $110bn 
Deaths: 34

Total losses: $925.6bn+ 
Total deaths: 10,139


Source: Reuters
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