Munich Re: 07 worst number of Cat events since 1974
According to Munich Re, the number of natural catastrophes recorded in 2007 was 950 (compared with 850 in 2006), the highest figure since 1974, when the German reinsurance giant began keeping formal records.
The insurance industry had to cope with far higher natural catastrophe losses in 2007 than in 2006, with its unusually low loss figures. Despite the general absence of extreme events, overall economic
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