A review of 2017 finds it was littered with everything from natural disasters to large-scale public acts of terror that injured and claimed the lives of thousands in the U.S. alone.
Swiss Re, a wholesale provider of reinsurance, released a study showing that weather extremes like thunderstorms and tornadoes accounted for some of the heftiest losses, with four weather events creating more than $1 billion in damage. According to its preliminary assessment of loss for the first half of 2017 – total economic losses of global natural and man-made catastrophes resulted in $44 billion in losses, although the majority of damage was covered by insurers.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
