Munich Re 2007 natural catastrophe report warns of ’Rising Trend’
Friday, December 28th, 2007 Catastrophe PropertyThe insurance industry had to cope with far higher natural catastrophe losses in 2007 than in 2006, with its unusually low loss figures. Despite the general absence of extreme events, overall economic losses had reached US$ 75bn by the end of December – an increase of 50% on 2006 (US$ 50bn). However, the loss figures were well short of 2005’s record US$ 220bn.
External References & Further Reading
http://www.munichre.com/en/press/press_releases/2007/2007_12_27_press_release.aspx
