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Global total economic losses from natural catastrophes and man-made disasters in the first half of 2017 were $44 billion, compared with $117 billion in the first half of 2016, according to Swiss Re. Much of this can be attributed to fewer and less intense events. 

Of the total losses in the first half of 2017, $23 billion were covered by insurance, down from $36 billion in the first half of 2016.

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