According to Aon research, global economic losses from natural disasters totaled 194 billion dollars in the first half of 2023, or 60% of the average annual global total, the fifth highest ever recorded and the highest since 2011. Furthermore, global losses were the fourth highest on record, at $53 billion, and increased as a result of severe storms in the United States. According to the research, the floods in Emilia-Romagna were the third most expensive natural disaster in the world in terms of economic damage in the first half of the year. The earthquakes in Turkey and Syria, which caused $91 billion in damage, were responsible for nearly half of the total economic losses and are the deadliest global disaster since 2010 as well as the costliest in the modern history of both countries. Therefore, economic losses were unprecedented at $111 billion, surpassing the first-half record of $72 billion set in 1990 by a wide margin.
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