2016 global cat loss bill already $70bn: Munich Re

13-07-2016

Powerful earthquakes in Japan and Ecuador, storms and flooding in Europe and the US and forest fires in Canada have contributed to total losses of $70 billion for the first half of 2016, significantly higher than the corresponding figure of $59 billion the previous year, according to a Munich Re report.


Munich Re, Earthquake, Storm, Flooding, Asia Pacific, Canada, Europe, Catastrophe, Risk management

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