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One big thing: Aon has published its 2024 Climate and Catastrophe Insight report, which identifies global natural disaster and climate trends so that organizations and communities can make better decisions to manage volatility and enhance global resilience.
- The report reveals that the 398 global natural disaster events caused $380 billion in economic losses during the 12-month period under review – 22 percent above the 21st-century average – driven by significant earthquakes and relentless severe convective storms in the U.S. and Europe.
- Michal Lörinc, head of catastrophe insight at Aon, said, "The report highlights how communities can be vulnerable to disasters in different ways. For example, earthquakes in 2023 highlighted underinsurance and the importance of regulation and enforcement of building codes. In addition, deadly floods – notably in Libya and India – reinforce the necessity for proper maintenance of infrastructure while the Hawaii fires demonstrated the critical need for reliable warning systems and forecasting."
- Read more about the report in AM Best, Bloomberg, Continuity Insurance and Risk, Fortune, Human Resources Director, Insurance Asia, Insurance Insider, Insurance Journal, Reinsurance News and The Insurer.