Nat cat costs “manageable” in Q1 2024 – Gallagher Re

Regionally, the US accounted for at least $21 billion, or 49%, of economic disaster costs during the quarter, in line with the decadal average, but expected to increase. Asia, particularly affected by the Noto Peninsula earthquake, saw economic losses of at least $17 billion, significantly above its 10-year average of $8 billion. Other regions, including Europe, Oceania, and Latin America, reported losses well below their recent averages.