Natural Catastrophe Losses In The United States By Peril, 2023 (1)

($ millions)

Peril Number of events Fatalities Economic losses (2) Insured losses (3)
Severe convective storm 53 137 $72,649 $57,624
Wildfire, drought, heatwave 5 257 20,073 10,413
Flooding 16 18 11,812 5,919
Winter storm 11 14 4,898 3,403
Tropical cyclone 4 4 4,693 2,290
Total 89 430 $114,125  $79,649 
(1) Natural disasters that cause at least $25 million in insured losses; or 10 deaths; or 50 people injured; or 2,000 filed claims or homes and structures damaged. Includes Puerto Rico and the U.S. Virgin Islands. (2) Includes any direct physical damage or direct net loss business interruption costs. (3) Includes losses sustained by private insurers and government-sponsored programs such as the National Flood Insurance Program. Subject to change as loss estimates are further developed. As of January 2024. ~ =Approximately. Source: Aon.