Nat-cats make 2011 the costliest year ever
A sequence of devastating earthquakes and a large number of weather-related catastrophes made 2011 the costliest year ever in terms of natural catastrophe losses, Munich Re’s annual natural catastrophe review has found.
At about $380bn (€291bn), global economic losses were nearly two-thirds higher than in 2005, the previous record year with losses of $220bn. The earthquakes in Japan in March and New Zealand in
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