Top 10 Costliest World Natural Disasters by Insured Losses, 2023 (1)

(US$ billions)

Rank Date Country/region Event Insured loss (2)
1 Annual U.S. U.S. Drought $6.5
2 Feb. 6-20 Turkey and Syria Turkey and Syria Earthquakes 5.7
3 Mar. 1-3 U.S. Severe Convective Storm 5.0
4 Mar. 31-Apr. 1 U.S. Severe Convective Storm 4.4
5 Jun. 21-26 U.S. Severe Convective Storm 4.3
6 Aug. 8-17 U.S. Hawaii Wildfires 3.5
7 Jun. 10-15 U.S. Severe Convective Storm 3.1
8 Jun. 15-20 U.S. Severe Convective Storm 3.0
9 Jul. 21-26 Europe Severe Convective Storm 3.0
10 May 9-14 U.S. Severe Convective Storm 2.9
All other events       $76.6
Total 2023       $118.0
(1) Natural disasters that cause at least US$25 million in insured losses; or 10 deaths; or 50 people injured; or 2,000 filed claims or homes and structures damaged. Hurricane losses in the United States include National Flood Insurance Program losses. As of January 2024. (2) Includes losses sustained by private insurers and government-sponsored programs. Subject to change as loss estimates are further developed. 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.