Global Catastrophe Recap - Q3 2022

Heatwaves and drought conditions gripped large parts of Europe and China as they experienced extended summers. The last month of the quarter, however, was characterized by intense tropical cyclones with Hurricane Ian and Fiona in the Atlantic Basin and Super Typoon Noru and Nanmadol in Western Pacific. Preliminary year-to-date economic losses were $227 billion (including an initial view of Hurricane Ian) with insurers expected to cover $99 billion.

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