Search
 

Munich Re: First-Half Losses Make 2011 Costliest for Natural Disasters

During the first half of 2011, the P&C industry saw an unprecedented number of severe natural catastrophes in both the U.S. and abroad. The accumulation of a total of 100 events produced an excess of $18 billion (and climbing) insured losses in the U.S. alone.

By Christina Bramlet | Updated on July 12, 2011

Costliest Disasters 2011During the first half of 2011, the P&C industry saw an unprecedented number of severe natural catastrophes in both the U.S. and abroad.

The accumulation of a total of 100 events—taking into account the deadly thunderstorms and deluge of tornadoes—produced an excess of $18 billion (and climbing) insured losses in the U.S. alone. The global distribution of natural loss events, including the 9.0-magnitude earthquake in Japan, along with the resultant tsunami, the earthquake and flooding in New Zealand, and the tornadoes and flooding in the U.S., has already made 2011 the costliest year for natural disasters on record.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.