Insured losses from global catastrophe events in the first half of 2026 are estimated at $47 billion, a significant reduction from $100 billion the previous year, according to Aon’s Global Catastrophe Recap Report. Severe convective storms continued to be the costliest peril, particularly in the U.S., which accounted for about $36 billion of total insured losses. While the overall economic impact dropped to $111 billion, matching historical averages for billion-dollar disasters, emerging risks like a devastating heatwave in Europe highlight the ongoing challenges beyond what insurance metrics reveal. For more insights, you can read the full report here: Source and details of the news.