Lee Harris and Eva XiaoSep 1, 2026 – 4.56pmLondon/New York | Natural catastrophes are expected to cost the world $US450 billion ($627.6 billion) in a typical year, according to a new forecast, with less than half of those losses covered by insurance.As much as 62 per cent of global losses from natural disasters are uninsured, according to new research from risk-modelling firm Verisk, leaving homes, businesses and governments facing about $US279 billion in uninsured losses in an average year, and far more in the most disastrous years.Financial TimesSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Climate change, urban sprawl help fuel $630b a year disaster bill
As much as 62 per cent of global losses from natural disasters are uninsured, according to new research from risk-modelling firm Verisk.
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