Filed Under:Claims, Catastrophe & Restoration

IQ: Chile earthquake tops list of 2010 insured catastrophies

Severe weather and flooding in the U.S. resulted in several $1 billion insured loss events in 2010, in spite avoiding a hurricane landfall, according to the annual catastrophe report by global reinsurance intermediary Aon Benfield.

By far the largest insured event in 2010 was the February earthquake in Chile, causing about $8.5 billion in insured losses—more than the next two highest insured loss events combined. Windstorm Xynthia, also in February, caused $3.65 billion in insured losses and the New Zealand earthquake in September produced $3.05 billion.

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