Top 10 Costliest World Insurance Losses, 1970-2016 (1) |
(2016 $ millions)
|
Rank |
Date |
Country |
Event |
Insured loss |
1 |
Aug. 25, 2005 |
U.S., Gulf of Mexico |
Hurricane Katrina, storm surge, damage to oil rigs |
$80,699 |
2 |
Mar. 11, 2011 |
Japan |
Earthquake (Mw 9.0) triggers tsunami |
37,344 |
3 |
Oct. 24, 2012 |
U.S., Caribbean, Canada |
Hurricane Sandy, storm surge |
30,141 |
4 |
Aug. 23, 1992 |
U.S., Bahamas |
Hurricane Andrew, floods |
27,368 |
5 |
Sep. 11, 2001 |
U.S. |
Terror attacks on WTC, Pentagon and other buildings |
25,456 |
6 |
Jan. 17, 1994 |
U.S. |
Northridge earthquake (Mw 6.7) |
24,773 |
7 |
Sep. 6, 2008 |
U.S., Gulf of Mexico, Caribbean |
Hurricane Ike, floods, damage to oil rigs |
22,577 |
8 |
Feb. 22, 2011 |
New Zealand |
Earthquake (Mw 6.1), aftershocks |
17,072 |
9 |
Sep. 2, 2004 |
U.S., Caribbean, Venezuela |
Hurricane Ivan, damage to oil rigs |
16,417 |
10 |
Jul. 27, 2011 |
Thailand |
Heavy monsoon rains, extreme flooding |
16,005 |
(1) Property and business interruption losses, excludes life and liability losses. Includes flood losses in the United States insured via the National Flood Insurance Program. Adjusted to 2016 dollars by Swiss Re.
Note: Loss data shown here may differ from figures shown elsewhere for the same event due to differences in the date of publication, the geographical area covered and other criteria used by organizations collecting the data.
Source: Swiss Re, sigma, No. 2/2017. |
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