The Superstorm and other disasters were found to have caused $77 billion in insured losses. The second largest reinsurer on the globe has issued its insurance news data regarding natural catastrophes as well as manmade disasters last year accumulated a cost to the industry of $77 billion. This makes 2012 the third most costly year that the industry has ever recorded. According to the Swiss Re insurance news report, there were over 300 different disasters and catastrophes last year. Together, they led to the loss of more than 14,000 lives.…
Read MoreInsurance news from Swiss Re reveals Sandy and extreme weather loss estimates
