When compared with the record losses of the previous year from Hurricanes Harvey, Irma and Maria, the indications at the start of 2018 were that it would be a more moderate year. However, the second half of the year saw an accumulation of billion-dollar losses from floods, tropical cyclones in the United States and Japan, wildfires and earthquakes. The overall economic impact was $160bn, of which $80bn was insured.
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