Insured cat losses hit record $135bn in 2017, says Munich Re
The final insurance bill for natural catastrophes over 2017 is expected to come to $135bn – higher than ever before, according to Munich Re.
The hurricane trio of Harvey, Irma and Maria helped push overall losses to $330bn, the second-highest figure ever recorded for natural disasters. The only costlier year was 2011, when the Tohoku
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