|
|
|
|
|
See your advertisement here |
|
|
|
|
Natural catastrophes caused record worldwide insured losses of $22 billion for the first half of the year, more than double the average for the period since 2000, Munich Reinsurance Co. said Wednesday.
There were 440 catastrophic events through June, the second-highest number since 2000, Munich Re said.
Total natural catastrophe losses of $70 billion for the period exceed the amount for all of 2009 and are well above the 10-year average for the period, the Munich-based reinsurer said.
“Following a relatively benign 2009, the first six months of this year were marked by three natural catastrophes ranked as great,” Peter Höppe, head of Munich Re’s geo risks research unit, said in a statement.
The reinsurer uses “great” to describe catastrophic events that cause billions of dollars in losses or several thousand fatalities.
The three events were earthquakes in Haiti and Chile and Windstorm Xynthia in Europe. Combined, the catastrophes caused $11.55 billion in insured losses, according to Munich Re.
Natural catastrophes in the first half of this year caused 230,000 fatalities, far higher than the average of 30,000 for the period recorded from 2000 through 2009, Munich Re said.
Copyright © 2010 Crain Communications, Inc.
|
|
|
|
Did you enjoy this article?
    (total 94 votes)
|
Related news
Catastrophes likely to boost insurance prices: Munich Re
by Editor posted on Jun 10,2010
Higher Catastrophe Losses Despite Abscence of Megacatastrophes
by NAMIC posted on Jan 01,2008
2008 Half-Year Natural Catastrophes Figures Above Average
by NAMIC posted on Jul 11,2008
Catastrophes, disasters cost insurers $26B in 2009
by BusinessInsurance.com posted on Mar 18,2010
Insuring climate change still possible
by Reuters-News posted on May 08,2009
Catastrophe Losses in 2007 Impacted by High Losses from Flood and Storm Damage in Europe
by NAMIC posted on Dec 29,2008
Insured losses from Hurricane Ike could hit $12 billion
by Business-Journal---Triad posted on Sep 19,2008
Report: $2 Billion in D&O Insured Losses from Subprime Credit Crisis
by NAMIC posted on Nov 19,2007
First-quarter 2010 cat losses likely a record
by BusinessInsurance.com posted on Apr 02,2010
|
Comments (0 posted)
|