China's Ministry of Emergency Management reported direct economic losses of 199.36 billion yuan ($29.9 billion) from natural disasters in the first nine months of 2026, down 8% from 217.65 billion yuan a year earlier. Deaths and missing rose to 1,162 from 742. Typhoons did the most financial damage; geological hazards killed the most people.

Source: Reuters, via Insurance Journal (2026-10-22)