The United States continued to be a source of insured catastrophe losses this year despite avoiding a hurricane landfall.
In its annual catastrophe report, global reinsurance intermediary Aon Benfield said severe weather and flooding created several $1 billion insured loss events in the states.
However, by far, the largest insured event in 2010 was the February earthquake in Chile, causing about $8.5 billion in insured losses–more than the next two highest insured loss events combined. Windstorm Xynthia, also in February, caused $3.65 billion in insured losses and the New Zealand earthquake in September produced $3.05 billion.
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