Munich Re: 2011 was worst year ever
Munich Re has said the sequence of earthquakes and large number of weather-related catastrophes made 2011 the costliest year ever in terms of natural catastrophe losses racking up $380bn of global economic losses.
It said this was nearly two-thirds higher than in 2005, the previous record year, which had losses of $220bn.
The earthquakes in Japan in March and New Zealand in February alone caused almost two
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