Looking Back 10 Years Ago: Insurers hit by high claims costs
Insurers suffered their second-heaviest claims burden ever last year — only 1992, the year of Hurricane Andrew, was worse.
The main cause of 1999's figures were the £4.4bn losses resulting from storms and earthquakes. Insured losses from natural catastrophes and man-made disasters amounted to £18bn, of which £15bn was
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