ClimateRisk & Insurance
Catastrophe Losses Stay Below Average Through First Nine Months of 2026 as Record El Niño Builds
Oct 23rd, 2026 • 5 min • View Source
Global economic losses from natural catastrophes reached $242 billion through the first nine months of 2026, well below the decadal average, as Gallagher Re reported six consecutive quarters without a single $10 billion insured-loss event. The post Catastrophe Losses Stay Below Average Through First Nine Months of 2026 as Record El Niño Builds appeared first on Risk & Insurance.
Commercial risk teams are responding with tighter controls, scenario modeling, and broader collaboration across underwriting, claims, and cyber operations.
Leaders continue to prioritize resilience planning while balancing cost, coverage terms, and operational exposure in a changing market cycle.
