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Swiss Re: U.S. Dominated Global Disaster Losses in 2012

2013-04-01 21:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Climate Central: The insurance industry had its third-most expensive year on record in 2012, with global economic losses from natural catastrophes and manmade disasters totaling $186 billion, according to a report released March 27 by the reinsurance giant Swiss Re. The total insured losses for the year was $77 billion, which was well below the losses seen in 2011, when earthquakes and flooding in Asia caused insured losses of $126 billion, which were the highest on record. According to Swiss Re, extreme weather...

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