Insurers lose $116bn but play key role in disaster recovery
Despite insurers incurring the second largest losses ever at $116bn in 2011 the industry weathered 2011 well, according to the latest Swiss Re Sigma study.
The industry, which saw losses increase 142% on the previous year, shouldered a significant portion of the financial burden in a year when global economic losses reached a record high of $370m, Swiss
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