Insurance Post

$20bn of natural disaster insured losses in first half of 2013

Global natural disaster losses during the first half of 2013 on both an economic and insured basis were each below the recent 10-year (2003-2012) averages according to Impact Forecasting.

Economic losses were $85bn (down 15% from the 10-year average of $100bn) and insured losses were $20bn (down 20% from the 10-year average of $25bn). Flooding was the costliest disaster during 1H 2013

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