Article ID: c16a12264c27310c75a86dc20cc6c4ad4188fe537df394710fd32b7ed09a43a3
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URL: https://www.businessinsurance.com/first-half-insured-nat-cat-losses-at-42b-swiss-re/
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First-half insured nat cat losses at $42B: Swiss Re - Business Insurance Skip to content Register for free Search Search Log In Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers First-half insured nat cat losses at $42B: Swiss Re by Matthew Lerner Catastrophes Swiss Re Aug 11, 2026 Global insured losses from natural catastrophes totaled approximately $42 billion in the first half of 2026, according to a report Tuesday from Swiss Re. It was the lowest first-half total since 2020 and below the trend estimate of $66 billion, the report said. Severe convective storms, mostly in the U.S., were the main driver of claims, causing an estimated $28 billion in insured losses, the lowest since 2021’s inflation-adjusted $21 billion, and below the trend estimate of $36 billion. Insurance covered approximately 42% of total economic losses, well above the long-term average. The most destructive natural catastrophe of the first half of 2026 was the Venezuela earthquakes that hit June 24, causing about $20 billion in economic damage. Insured loss estimates are not available. “However, given Venezuela’s low insurance penetration, insured losses will likely represent only a small share,” Swiss Re said. Record-breaking heat in Europe has given rise to multiple wildfires, but damages have yet to be calculated. “The insurance tally will depend on whether fires reach settlements and areas with high-value residential or commercial exposure. Europe generally does not combine the extremely high hazard levels and high insured values seen in California,” the report said. Related News US court rules Meta, tech firms must face thousands of social media addiction suits August 11, 2026 Legionnaires’ outbreaks spark risk management concerns August 11, 2026 MMA acquires Iowa-based broker August 10, 2026 Judge splits coverage ruling in murdered employee’s case August 10, 2026 Federal judge tosses coverage suit over ex-coach’s data breach August 10, 2026 Appeals board says comp fee schedule applies to unauthorized care August 10, 2026 Oakbridge buys Tennessee agency August 10, 2026 Oman says grounded tanker oil spill covers 150 square miles August 10, 2026 Munich Re’s first-half profit jumps 23% August 10, 2026 Facebook-f X-twitter Linkedin-in Business Insurance is a singular, authoritative news and information source for executives focused upon risk management, risk transfer and risk financing. Never miss important news: Become a Business Insurance Online subscriber today Subscribe Now Information About Us Contact Advertise Privacy Policy Terms & Conditions Copyright 2026. BUSINESS INSURANCE HOLDINGS Member, Beacon International Group, Ltd.
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