News Report from AIR Worldwide Puts Recent Catastrophe Losses in Perspective

Insurance News on catastrophe insurance losses

BOSTON, Jan. 16, 2013 – In 2011, insured losses from global natural catastrophe losses exceeded USD 110 billion according to industry sources, the second-highest figure ever recorded. A new report from catastrophe modeling firm AIR Worldwide reveals that there is nearly a 7 percent probability that the global insurance industry will experience this loss level or greater in any given year (translating to a 15-year return period loss). AIR’s report titled Taking a Comprehensive View of Catastrophe Risk Worldwide not only puts the 2011 losses in perspective but also examines…

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