NU Online News Service, Dec. 15, 10:42 a.m. EST
Had Japan been more fully insured for earthquakes, 2011 would have set a record for insured catastrophe losses. As it stands, 2011 will see approximately $108 billion in insured manmade and natural catastrophe losses, second only to 2005, when insured catastrophe losses reached $123 billion, according to a Swiss Re sigma analysis.
The total for 2011 far outpaces 2010, which saw $48 billion in insured catastrophe losses.
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