Study: 2008 catastrophes caused $52.5 billion in insured loses

03/18/2009 | Business Insurance (tiered subscription model)

Research shows catastrophes cost $52.5 billion in insurance losses during 2008. The research, done by Swiss Re, counted 137 natural catastrophes and 174 man-made disasters in 2008 for a total economic cost of $269 billion. The study defined a catastrophe as a destructive event that causes at least $85.4 million in damages.

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