Superstorm Sandy Tops 2012 Insurance Claims

Thursday, January 3rd, 2013 Auto Liability Property Workers' Compensation

A leading insurance company says natural disasters cost the industry $65 billion last year and that Superstorm Sandy accounted for nearly two-fifths of the total. However, Munich Re AG said Thursday total insured losses from natural catastrophes were down from a record $119 billion in 2011, when devastating earthquakes in Japan and New Zealand cost the industry dear. The company said total economic costs in 2012 from natural disasters — including uninsured losses — amounted to $160 billion, compared with the previous year’s $400 billion.


External References & Further Reading
http://abcnews.go.com/Business/wireStory/superstorm-sandy-tops-2012-insurance-claims-18119701#.UOVy8G9QXIc
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