Storms, Floods Led Cat Losses In 2002
NU Online News Service, March 13, 2:23 p.m. EST?Storms and floods were the drivers of natural catastrophe losses worldwide in 2002, according to Munich Reinsurance Co.
In its annual study of natural-catastrophe trends, the Munich, Germany-based reinsurer said insured losses from natural catastrophes amounted to $13 billion last year, a jump of 13 percent from $11.5 billion losses in 2001.
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