Insurance Post

Insured losses 36% above 10-year-average in 2012

Hurricane Irene

Natural catastrophes globally caused total economic losses of £200bn in 2012, only slightly above the 10-year-average of $187bn.

However, insured losses of $72bn exceeded the 10-year-average by 36%, as the two most costly events occurred in highly insured regions of the US, Aon Benfield's Global Climate and Catastrophe Report s

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