Costliest Disasters of 2013 So Far: Floods
Severe storms and tornadoes in the United States pale by comparison to the $18 billion in economic losses resulting from June floods in Germany.
INN Breaking News, August 22, 2013
Compared to the last several years, insurers should be happy with the $56 billion in total economic losses and $17 billion in insured losses occurring in the first half of 2013, according to Swiss Re’s preliminary estimates. Flooding tops the list of costly disasters so far this year, as Swiss Re says 2013 is already the second-most expensive calendar year in terms of insured flood losses.
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