Japan snowstorms were largest insured loss in 2014
Japan's snowstorms last February cost insurers $3.1bn (£2.05bn) which was the largest amount claimed for a natural catastrophe in 2014.
The exceptionally heavy snowfalls in February in the greater Tokyo area and surrounding regions resulted in an insured loss of $3.1bn with an overall economic loss of $5.9bn.
Ludger Arnoldussen
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