Editor's Note: This article originally appeared in National Underwriter, P&C.

Swiss Re said worldwide natural catastrophes and man-made disasters, which killed 15,000 people last year, cost insurers $26 billion, $26.5 billion less than the firm reported for 2008.

In 2009 the total economic loss was $62 billion compared with $269 billion for 2008 when insured loss was $52.5 billion, the company said in its latest sigma report.

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