
Global Disaster Losses Hit $368 Billion in 2024, Underscoring Urgency of Climate Resilience
Economic losses from disaster events worldwide surged to $368 billion in 2024, driven by devastating hurricanes, severe storms, and widespread flooding. Hurricanes Milton and Helene caused significant destruction in the United States, while severe convective storms and flooding ravaged parts of Europe. These disasters highlight the critical need for robust adaptation and mitigation measures to protect lives and enhance resilience against climate-driven risks.
According to Aon’s latest Climate and Catastrophe Insight report, the escalating impact of climate risks tells two vital stories. Firstly, weather-related disasters and climate risks now influence nearly every aspect of business operations, from selecting facility locations to ensuring employee safety. Secondly, the report emphasiz...