NU Online News Service, Nov. 1, 1:14 p.m. EDT
Through the first nine months of this year, insured catastrophe losses are close to rivaling the worst insured catastrophe year of 2005—and the bulk of those losses can be traced back to events in Asia, according to a report from Guy Carpenter.
The reinsurance broker, a subsidiary of Marsh & McLennan Cos., says that for the first nine months of this year, global catastrophe losses reached $76 billion, 67 percent of which is tied to catastrophes in Japan, New Zealand and Australia.
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