Historic flooding dominated a below-average natural catastrophe season through the first half of this year, according to a Munich Re Nat Cat presentation.
Almost half of the $3.9 billion in insured inland flood damage occurring in Europe, Canada, Asia and Australia in May and June, Munich Re says.
Total insured losses from natural catastrophes in the first half-year equaled $13 billion, below the 10-year average for the same time period: $22 billion. The 460 worldwide loss events so far in 2013, though, is above the 10-year average of 390 events.
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