Global catastrophes in the first half of the year have already made 2011 the costliest year on record with respect to economic losses.
According to a recent webinar held by Munich Re, a total of 355 events occurred in the first six months of 2011, causing economic losses of around $265 billion. In the U.S. alone, there were 100 events causing more than $18 billion in insured losses.
"It has been a momentous year so far—one for the record books," said Robert P. Hartwig, Insurance Information Institute president, who spoke at the Munich Re webinar, "2011 Half-Year National Catastrophe Review."
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 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.
