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There were seven catastrophe events internationally (outside of the U.S.) in 2023 that each caused losses in excess of $1 billion USD, according to the CRESTA Industry Loss Index (CLIX). In total, these events caused losses amounting to $16.7 billion. This is below the average of $17.1 billion (adjusted) caused by international CAT events over the last 23 years.
Agent & Broker
January 03, 2024, 11:08 PM