Swiss Re: '04 Insured P-C Loss Nearly $50 B
NU Online News Service, March 1, 2 :44 p.m. EST?Man-made and natural catastrophes last year caused worldwide insured losses of $49 billion–the most expensive in history for insurers, according to a Swiss Re Study.[@@]
"It is the most expensive year in terms of insurance events–a remarkable year," said Thomas Holzheu, senior economist at Swiss Re.
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