Report looks back at 2011 catastrophes, $108B in insured losses

01/2/2012 | Insurance Journal

Insurers and reinsurers adopted major updates in catastrophe models as the industry faced "an exceptional accumulation of global natural catastrophes," according to a Guy Carpenter report. Major earthquakes in Japan and New Zealand, floods in Australia and Thailand, and tornadoes and Hurricane Irene in the U.S. were among the events that "combined to cause insured losses of around $108 billion in 2011," the broker said.

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