Disasters caused total of $122 billion in insured losses in 2022 - Swiss Re

Remains of destroyed houses are seen almost one month after Hurricane Ian landfall, in Fort Myers Beach, Florida, U.S., October 26, 2022. REUTERS/Marco Bello

ZURICH (Reuters) - Hurricane Ian and other natural catastrophes have caused an estimated $115 billion of insured losses so far this year, well above the 10-year average of $81 billion, Swiss Re estimated on Thursday.

Natural and man-made disasters did economic damage of $268 billion, of which $122 billion was covered by insurance, making 2022 one of the most expensive yet for the sector, it said.