U.S. Disasters Account for Majority of Global Catastrophe Losses

More natural peril events occurred in 2012, but the losses incurred were far below the record-highs established in 2011.

INN Breaking News, January 24, 2013

Justin Stephani

Two U.S. natural peril events, Hurricane Sandy and a year-long drought, accounted for two-thirds of all 2012 insurance losses globally and nearly half of all economic losses for the year.

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