Verisk analysts estimated that global annual losses from natural disasters amount to approximately $450 billion. ^[1] The Financial Times reported that annual global losses from climate change could reach $450 billion in a typical year in the coming years. ^[2] Experts stated that approximately 62 percent of global disaster losses, or about $280 billion, are not covered by insurance. ^[3] Financial Times reported that analysts at Verisk calculated these global disaster losses. ^[4] The United States accounts for approximately $235 billion in disaster losses, caused by hurricanes, wildfires, and earthquakes. ^[5] According to UN estimates, annual losses from natural disasters totaled $320 billion two years ago. ^[6] Verisk Analytics data indicates that annual global losses from climate change will rise even further in catastrophic years. ^[7]