Weather-related catastrophes hit the U.S. hardest in 2012

Weather-related catastrophes hit the U.S. hardest in 2012

The U.S. accounted for a higher proportion of global natural catastrophe losses than usual in 2012 due to a series of severe weather-related catastrophes, according to global reinsurer Munich Re. For the year, natural catastrophes caused $160 billion in overall losses and $65 billion in insured losses worldwide. Some 67 percent of overall losses and 90 percent of insured losses were attributable to the U.S. – the respective averages are 32 percent and 57 percent….

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