Filed Under:Claims, Catastrophe & Restoration

Munich Re: First-Half Losses Make 2011 Costliest for Natural Disasters

Costliest Disasters 2011During the first half of 2011, the P&C industry saw an unprecedented number of severe natural catastrophes in both the U.S. and abroad.

The accumulation of a total of 100 events—taking into account the deadly thunderstorms and deluge of tornadoes—produced an excess of $18 billion (and climbing) insured losses in the U.S. alone. The global distribution of natural loss events, including the 9.0-magnitude earthquake in Japan, along with the resultant tsunami, the earthquake and flooding in New Zealand, and the tornadoes and flooding in the U.S., has already made 2011 the costliest year for natural disasters on record.

Featured Video

Most Recent Videos

Video Library ››

Top Story

What grade does your state get for its insurance regulations?

Eight states received an “A” grade, and one state received an “F.” Insurance is regulated almost entirely by the state level, and here's a report card on how the states are doing.

Top Story

3 tips for becoming a lead-generation master

A lead-generation master takes full advantage of all the possibilities for attracting prospects through their website, not just through their contact forms.

More Resources

Comments

eNewsletter Sign Up

Claims Connection eNewsletter

Breaking news on disasters, fraud, legal trends, technology, and CE initiatives for the P&C claim professional – FREE. Sign Up Now!

Mobile Phone

Advertisement. Closing in 15 seconds.