NU Online News Service, Sept. 9, 2:33 p.m. EDT

Insured losses from catastrophic events for the 2011 first half increased 141 percent over the same period last year — but the disasters claimed significantly fewer lives, according to a report from Swiss Re.

Today, the Zurich, Switzerland-based insurer released its preliminary estimate of losses, which says natural catastrophes and man-made disasters reached an estimated $70 billion in the first half of the year, $41 billion more than the $29 billion experienced over the same period last year.

Recommended For You

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:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.