US nat cats push global insured losses above 10-year average

Bangkok floods in 2011 (Photo - US Navy Visual News Service)

Munich Re has called for greater loss prevention measures to be taken in the US, which saw 90% of worldwide insured losses in 2012.

The reinsurer estimated that global insured losses reached $65bn, of which $25bn has been attributed to Superstorm Sandy, despite on-going uncertainty, which it said revealed a "significant degree of

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