# Global natural disaster economic and human impacts > Live situation record from CLSTR: https://clstr.news/situations/global-natural-disaster-economic-and-human-impacts > Updated: 2026-09-18T06:13:00.000Z. Sources: 14. Developments: 2. Global natural disasters are causing significant economic and human costs, exacerbated by a widening insurance gap. Research indicates that annual disaster costs could reach $450 billion, with up to 62% of losses remaining uninsured, forcing governments and households to cover approximately $279 billion in annual damages. In mid-2026, seismic activity in Latin America, including earthquakes in Venezuela and Colombia, contributed to $100 billion in losses during the first half of the year. Europe also experienced high mortality rates due to extreme heatwaves in Germany, Spain, and France. By September 2026, reports highlighted rising insured losses driven by severe weather. In the United States, flash flooding across the Ohio River Valley, the Northeast, and the Southwest resulted in fatalities and significant economic damage. Internationally, convective storms and flooding caused deaths in Brazil, Vietnam, and Spain. ## Timeline ### 2026-09-18: Global natural disasters drive rise in insured losses Aon’s latest catastrophe report details rising global insured losses from floods and storms in the US, Brazil, Vietnam, Mexico, Panama, and Spain, causing multiple fatalities and significant economic damage. 5 sources. https://clstr.news/cluster/global-natural-disasters-drive-rise-in-insured-losses ### 2026-08-31: Natural disasters projected to cost $450 billion annually amid rising insurance gap Natural disaster costs are projected to hit $450 billion annually, with 62% of global losses uninsured. Recent major events include massive earthquakes in Venezuela and Colombia and deadly heatwaves in Europe. 9 sources. https://clstr.news/cluster/natural-disasters-cause-100-billion-in-global-losses-in-early-2026 --- Cite as: Global natural disaster economic and human impacts. CLSTR, https://clstr.news/situations/global-natural-disaster-economic-and-human-impacts