Floods drive 2024 non-US nat cat losses of $18.2bn

Sarah JollyJanuary 6, 2025
Massanassa, Valencia, Spain. October 31, 2024 - After the floods, a person empties a bucket full of mud taken from his house into the street. Cars and debris in the street
Massanassa, Valencia, 31 October 2024. Credit: Shuttesrtock/Vicente Sargues

Insured losses from global natural catastrophes outside the US totalled $18.2bn in 2024 and were “unusually” dominated by floods, according to data from Perils’ subsidiary Cresta.
The Valencia flooding event in October was th...

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Sarah JollyJanuary 6, 2025
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