Overall insured loss estimates from global natural catastrophes in 2020 totalled $78 billion, significantly higher than the $53 billion in 2019, according to a Willis Re report.
In the US, there were 22 events in 2020 that exceeded $1 billion, breaking the record of 16 in 2007, and the 2020 Atlantic hurricane season had 30 named storms, including 13 hurricanes.
Willis Re notes how this made 2020 the most active hurricane season on record, breaking the previous record of 27 storms in 2005.
