Report: P/C insurers were crucial in overcoming 2011 disaster losses

03/28/2012 | Business Insurance (tiered subscription model)

Property/casualty insurers were "highly effective" in coping with $116 billion in insured catastrophe losses last year, according to a Swiss Re report. "Despite historic losses and a challenging financial environment, the industry played a key role in post-disaster recovery financing, bringing much-needed funds to affected populations, business and governments," the report says.

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