Nat cats caused economic losses of $380bn in 2011

Natural catastrophes resulted in 27,000 deaths and $380bn in economic losses during 2011, according to data compiled by Munich Re and analysed by the Worldwatch Institute.

The number of natural catastrophes was down 15% from 2010 but was above the annual average of 790 events between 2001 and 2010, and considerably above the annual average of 630 events between 1981 and

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ABI insists fire safety scheme is temporary

Mervyn Skeet, the Association of British Insurers’ director of general insurance, has outlined how the trade body will ensure the Fire Safety Reinsurance Scheme will only last three to five years, and how it will should end criticism of brokers earning commission for arranging cover.

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