Extreme Weather, Natural Disasters Led To $45 Billion In Insurance Losses In 2013

By Nick Visser

GENEVA (AP) — Disasters such as floods in Europe, winter storms in the U.S. and typhoons in Asia cost insurance companies $45 billion in 2013, a leading Swiss firm said Wednesday.

The sum represents only about a third of the $140 billion in economic losses, not to mention 26,000 lives lost, from 308 catastrophes and disasters around the globe last year, according to Zurich-based Swiss Reinsurance Company Ltd., known as Swiss Re.

As a whole, Asia was the region that suffered the most, with $62 billion in economic losses and more than 20,000 victims. But only $6 billion was paid in claims, …read more

Source: Huffington Post Green