Flooding was the main cause of $17 billion in global natural catastrophe during the first half of the year, says Swiss Re.
According to sigma estimates from Swiss Re, says the insurance industry absorbed $20 billion of the first half's natural and man-made catastrophes. The total is about 35.7 percent of the total $56 billion in economic losses from the same disasters during the first six months of 2013.
Last year economic losses from first-half catastrophes were $67 million.
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