Calm 2013 US hurricane season reduced nat cat claims by 50%
According to Munich Re, insured losses from natural catastrophes globally last year declined to around $31bn compared with $65bn in 2012 and the average for the last ten years of $56bn.
Munich Re's figures are similar to Lloyd's which estimates insured losses of $38bn in 2013 and $75bn in 2012.
According to the reinsurer 2013 was also below the average for economic losses at $125bn
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