Amid all the talk of insurers enjoying a milder catastrophe year compared to 2011, the year 2012 will still be an above-average year for insured cat losses, industry officials say.

“As we review the [natural catastrophe] headlines for 2012, the words heat, wind and water come to mind as we describe the natural catastrophe events in the U.S.,” says Carl Hedde, head of risk accumulation department at Munich Re America.

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