"Costliest year ever for insurers," Swiss Re says

Natural and man-made disasters killed 112,000 people and inflicted an estimated $80 billion in insured losses in 2005, making it the costliest year on record for insurers, a report from the world's second-largest reinsurer confirms. Catastrophes caused total financial losses of about $225 billion worldwide, $80 billion of which were covered, Swiss Reinsurance Co.'s sigma report said.

View Full Article in:

Washington Times, The · Insurance Journal · PropertyCasualty360 · Wall Street Journal, The

Published in Brief: