# World Suffers Most Cat Events in 1999 

_News_

Canonical: https://www.claimspages.com/news/i137/

A record number of global catastrophes resulted in the second heaviest year for insured losses. Of the $28.6 billion insurers paid out last year, $24.4 billion was to cover 755 natural disaster claims, the highest number of loss events caused by natural hazards, according to a study by Munich Re. 

The bulk of the claims were generated by seven billion-dollar loss events. The most expensive disaster of the year was Storm Lothar, which struck Europe on Dec. 26, 1999, causing $4.5 billion in insured losses. Storm Martin, which followed the next day, left damages of a further $2.2 billion in its wake. 

Two of 1999‘s most costly catastrophes occurred in the U.S. In September, Hurricane Floyd, which blew across the Bahamas and other Carribean islands before traveling up the U.S. coastline, contributed $2.3 billion to industry losses, the fourth highest figure.