NU Online News Service, July 7, 3:25 p.m. EDT
The number of meteorological catastrophe-driven events is increasing, causing more losses internationally, but insurers have proven themselves financially capable of handling those losses, according to experts.
The comments came during a webinar sponsored by Munich Re (http://www.munichreamerica.com/) reviewing the first half-year of natural catastrophes for 2010.
According to Carl Hedde, senior vice president and head of risk accumulation for Munich Reinsurance American Inc., catastrophe losses in the United States have been "tame" compared to the rest of the world, but the country has suffered significant catastrophe losses that, compared to the past 20 years, have outpaced losses in the past.
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