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The overall losses of $33 billion were roughly half those of the previous year and of the price-adjusted average for the last 30 years ($65 billion (USD) and $68.3 billion (USD), respectively). The overall losses of $33 billion were roughly half those of the previous year and of the price-adjusted average for the last 30 years ($65 billion (USD) and $68.3 billion (USD), respectively). (Photo: Shutterstock)

Across the world, natural disasters in the first half of 2018 caused significantly lower losses than usual, according to Munich Re. Provisional figures estimate overall losses were around $33 billion (USD), the lowest level since 2005.

Denny Jacob

Denny Jacob is a staff reporter for PropertyCasualty360.com. Contact him at djacob@alm.com.

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