Aon: record $50bn u.s. severe convective storm losses drive total natural catastrophe toll in 2023

Global scs caused 70% of insured cat loss in first nine months london , oct. 19, 2023 /prnewswire/ -- aon plc (nyse: aon), a leading global professional services firm, today launched its q3 global catastrophe recap report, which analyses natural hazard activity worldwide in the third quarter of 2023 and for the first nine months of the year, to help clients navigate volatility, build resilience and make better decisions.  the report reveals that global insured losses from natural disaster events had reached $88 billion by the end of q3 2023 – 17% higher than the 21st century annual average, and driven by notable q3 events such as u.s. and italian severe convective storms (scs), and the maui wildfire – one of the deadliest and costliest wildfires in u.s. history.
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