Storms, Floods Led Cat Losses In 2002
NU Online News Service, March 13, 2:23 p.m.EST?Storms and floods were the drivers of naturalcatastrophe losses worldwide in 2002, according to MunichReinsurance Co.
In its annual study of natural-catastrophe trends, the Munich,Germany-based reinsurer said insured losses from naturalcatastrophes amounted to $13 billion last year, a jump of 13percent from $11.5 billion losses in 2001.
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