Insurance Post

Munich Re recaps 2004

According to Munich Re's new study 'Topics Geo - Annual Review: Natural Catastrophes 2004', last year was marked by dramatic events as a result of earthquakes and tropical cyclones. There were also exceptional natural-hazard events in areas that are otherwise seldom affected. The insurance industry sustained record losses. The tsunami event claimed the lives of over 170,000 people, more than 100,000 are still missing, and over a million are homeless.The study presents a detailed description