US Catastrophe Loss History

No $10bn+ US insured event in 21 months.

Since Los Angeles wildfires (Palisades and Eaton) (Jan 2025), the largest listed event is March 14-16 2025 tornado/SCS outbreak at $7.0bn.

Major US insured catastrophe losses since 2017, from named storms and wildfires to severe convective storms and winter storms. Industry insured estimates, nominal USD.

No $10bn+ US insured event in

21 months

Last: Los Angeles wildfires (Palisades and Eaton), Jan 7, 2025, $28.0bn.

Last US hurricane landfall

23 months ago

Hurricane Milton, Oct 9, 2024. 2 tropical storms since, none a hurricane.

Largest event since Los Angeles wildfires

$7.0bn

March 14-16 2025 tornado/SCS outbreak, Mar 14, 2025. 9 other listed events have no published estimate.

Timeline

Insured loss by event.

Each bar is one event, positioned by start date. Events of $10bn+ or more are named. Events without a published insured estimate are not plotted; they appear in the table.

  • Hurricane
  • Wildfire
  • Severe convective storm
  • Winter storm
  • Quiet window: 21 months
  • Published low to high range
Quiet window: 21 months$0$10bn$20bn$30bn$40bn$50bn$60bn$70bn2017201820192020202120222023202420252026Los Angeles wildfiresMiltonHeleneIanIdaUriCamp and Woolsey FiresMariaIrmaHarvey

By Year

Sum of listed events.

Totals add up only the events listed on this page that have an insured estimate. They are not total annual catastrophe losses.

  • 2017$71.83bn · 4 events
  • 2018$18.5bn · 2 events
  • 2020$13.7bn · 2 events
  • 2021$42.4bn · 2 events
  • 2022$54.8bn · 2 events
  • 2023$5.5bn · 1 event
  • 2024$31.8bn · 2 events
  • 2025$41.0bn · 4 events
  • 2026*$5.35bn · 1 event

* Year to date.

Loss To Price Lag

Reinsurance prices peaked at +5.1% at 1/1/23, after 2022's $115.0bn of global insured nat-cat losses; by 1/1/26 they were −3.3% after $107.0bn in 2025.

A heavy cat year tends to be followed by reinsurance price increases at the next 1 January renewal, which then work through to primary property rates. Each dot sits under the loss year it follows. Losses are global insured nat-cat totals, the right basis because reinsurance is priced on global capacity.

  • Global insured nat-cat losses in the year
  • Reinsurance price change at the next 1/1 renewal
$0$20bn$40bn$60bn$80bn$100bn$120bn$140bn$160bnPrice change at the following 1/1-5%0%+5%+10%50201976202010520211152022100202313520241072025Post-Ian 1/1/23: +5.1%Heaviest year, 1/1/25: −1.4%1/1/26: −3.3%
  • Prices are the simple average of the 1 January figures that Hannover Re, Munich Re, Swiss Re each published (7 renewals with data). Bases differ: some are risk-adjusted, some inflation-adjusted, some net of loss assumptions. A reinsurer with no comparable figure for a year is left out of that average, and a year with none is a gap. The first listed loss year is 2017, but the earliest 1/1 data is 2019.
  • Losses are full-year global insured natural catastrophe losses, nominal USD, as first published by Swiss Re (see catloss-semiannual.csv; sources by year are in the table). Where a source has no full-year row, H1 and H2 are summed and marked. Years without a full-year figure are not shown, and the current year is omitted until it is complete.
  • 1/1 sources: Hannover Re 1/1/20, 1/1/21, 1/1/22, 1/1/23, 1/1/24, 1/1/25, 1/1/26; Munich Re 1/1/20, 1/1/21, 1/1/22, 1/1/23, 1/1/24, 1/1/25, 1/1/26; Swiss Re 1/1/20, 1/1/23, 1/1/24, 1/1/25, 1/1/26. Loss figures are from the Swiss Re and Munich Re publications listed in that CSV.
Global insured nat-cat losses by year and the average reinsurance price change at the following 1 January renewal
Loss yearGlobal insured lossLoss sourceNext 1/1 price change
2019$50.0bnSwiss Re+1.2%
2020$76.0bnSwiss Re+4.0%
2021$105.0bnSwiss Re+2.4%
2022$115.0bnSwiss Re+5.1%
2023$100.0bnSwiss Re+0.2%
2024$135.0bnSwiss Re−1.4%
2025$107.0bnSwiss Re−3.3%

Every Event

Newest first.

Tropical Storm Edouard floodingTropical stormSep 1, 2026LA, TXNo published estimatenone located
August 9-12 2026 Midwest derecho/SCS outbreakSevere convective stormAug 9, 2026IA, IL, IN, KYNo published estimatenone located
June 9-12 2026 SCS outbreak and derechoSevere convective stormJun 9, 2026WI, IL, MN, IA, MI, INNo published estimatenone located
April 23-29 2026 SCS outbreakSevere convective stormApr 23, 2026OK, TX, IA, WI, IL, OHNo published estimatenone located
March 15-16 2026 tornado/SCS outbreakSevere convective stormMar 15, 2026central and eastern US (~2 dozen states)No published estimatenone located
March 10-12 2026 SCS outbreakSevere convective stormMar 10, 2026IL, IN, MO, KS, OK, IA, WINo published estimatenone located
Winter Storm FernWinter stormJan 23, 2026TX, TN, LA, MS, KY, AR, 30+ states$5.35bnRange $4.0bn to $6.7bnKaren Clark & Co; Verisk
Tropical Storm ChantalTropical stormJul 6, 2025SC, NCNo published estimatenone located
Texas Hill Country floodFloodJul 4, 2025TXNo published estimateCotality (via DigIn)
May 15-16 2025 tornado/SCS outbreakSevere convective stormMay 15, 2025MO, KY, IL, AR, IN, TX$5.0bnRange from $5.0bnBMS Group (via Reinsurance News)
April 2-7 2025 flood and tornado outbreakFloodApr 2, 2025AR, KY, TN, MO, OH, IN, ILNo published estimatenone located
March 14-16 2025 tornado/SCS outbreakSevere convective stormMar 14, 2025MS, AL, AR, MO, IL, IN, OH, TX, GA, MI$7.0bnMunich Re
Los Angeles wildfires (Palisades and Eaton)WildfireJan 7, 2025CA$28.0bnRange $25.4bn to $35.0bnKCC; Verisk; California Dept of Insurance
Winter storms Blair and CoraWinter stormJan 5, 2025MO, KS, KY, VA, MD, DC, DE, NJ$1.0bnKaren Clark & Co
Hurricane MiltonHurricaneOct 9, 2024FL$17.2bnVerisk PCS (via Insurance Insider)
Hurricane HeleneHurricaneSep 26, 2024FL, GA, SC, NC, TN, VA$14.6bnRange $6.0bn to $14.6bnVerisk PCS (via Insurance Insider)
June 2023 SCS outbreak (Jun 10-19)Severe convective stormJun 10, 2023TX, AR, MS, GA$5.5bnKaren Clark & Co (via The Insurer)
Winter Storm ElliottWinter stormDec 21, 202242 states (TX, GA, TN, NC, NY most)$5.4bnKaren Clark & Co (via Reinsurance News)
Hurricane IanHurricaneSep 28, 2022FL, SC, NC$49.4bnRange $42.0bn to $63.0bnVerisk PCS (via Insurance Insider)
Hurricane IdaHurricaneAug 29, 2021LA, MS, NJ, NY, PA$27.4bnRange $17.0bn to $27.4bnVerisk PCS (via Insurance Insider)
Winter Storm UriWinter stormFeb 13, 2021TX, OK, LA, MS, AR, MO, KS, TN, KY$15.0bnRange $10.0bn to $18.0bnMunich Re / Swiss Re (via Statista); KCC (Reinsurance News)
Hurricane LauraHurricaneAug 27, 2020LA, TX$8.7bnRange $4.0bn to $13.0bnKaren Clark & Co (via The Insurer)
Midwest derecho (Aug 2020)Severe convective stormAug 10, 2020IA, IL, IN, NE, SD, WI$5.0bnRange from $2.9bnHolborn (via Reinsurance News)
Camp and Woolsey FiresWildfireNov 8, 2018CA$11.4bnRange from $9.05bnCalifornia Department of Insurance (via Insurance Insider)
Hurricane MichaelHurricaneOct 10, 2018FL, GA, AL$7.1bnRange $5.0bn to $10.0bnVerisk PCS (via Insurance Insider)
Northern California Wine Country wildfiresWildfireOct 8, 2017CA$9.4bnCalifornia Department of Insurance (via Intelligent Insurer)
Hurricane MariaHurricaneSep 20, 2017PR, VI$27.3bnVerisk PCS (via Insurance Insider)
Hurricane IrmaHurricaneSep 10, 2017FL, GA, SC, PR, VI$18.03bnVerisk PCS (via Insurance Insider)
Hurricane HarveyHurricaneAug 25, 2017TX, LA$17.1bnVerisk PCS (via Insurance Insider)

Hover or focus a loss figure for the source note.

Method And Caveats

Industry estimates, not final tallies.
Figures get revised.

  • Insured losses are industry insured estimates from loss-estimation sources such as PCS, Karen Clark & Co, Moody's RMS, Verisk and Munich Re, or from state insurance departments. Amounts are nominal USD and are often revised as claims develop.
  • Where only a range was published, the point estimate is its midpoint. Where a point estimate and a range both exist, the range is shown as a whisker and in the table.
  • The table lists events of $5bn or more since 2017 and events of $1bn or more since 2025. Events with no published insured estimate are listed but not plotted.
  • Severe convective storm events are under-covered. Many of their estimates come from sources this site does not use, so recent SCS seasons may look smaller here than in the full industry record.
  • The annual totals sum only the listed events, not all catastrophe losses.

The property figure is an indicative statistical estimate from historical market data, not a quote, rate indication, or coverage recommendation. Actual renewal outcomes depend on your own loss history, exposures, and underwriting, and can differ from the market-wide trend shown here. General liability and umbrella and excess are shown for context only and are not forecast.