2007 insurance disaster claims $25 billion - Swiss Re
Tuesday, December 18th, 2007 PropertyInsurers faced total claims from catastrophes of $25 billion in 2007, Swiss Re (RUKN.VX: Quote, Profile, Research) said, making it a comparatively inexpensive year despite warnings that global warming is causing more natural disasters. European winter storm Kyrill was the costliest event, the world’s largest reinsurer said, causing insured losses of $5.9 billion, followed by flooding in the UK.
External References & Further Reading
http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSL1859272420071218
