Global gross domestic product (GDP) exposure to damaging severe convective storm (SCS) winds is projected to grow 14% over the next 30 years, reaching $20.2 trillion as climate risks continue to reshape underwriting globally, according to a new report by First Street, the climate risk financial modeling provider.
A recent report published by the firm highlights how SCS has evolved into one of the fastest-growing physical climate risks, and the single costliest insured peril of the 21st century.
In 2025 alone, SCS generated approximately $82 billion in global economic losses, representing nearly one-third of all natural catastrophe losses worldwide.
FULL ORIGINAL PUBLICATION HERE