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Nat cat losses up 50% in 2007: Munich Re

Economic losses from natural catastrophes were up 50% on the previous year and insured losses totalled just under $30 billion according to figures by Germany?based Munich Reinsurance Co. Despite the...

Majority of catastrophes not insured: Swiss Re study

ZURICH, Switzerland—Developing countries with little insurance penetration bore the brunt of natural and man-made catastrophes in 2006, according to a study by Swiss Reinsurance Co. Of the $48 billion in...