Thursday 17 April 2014
 
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disasters

Disasters cost world economy $350bn

Natural disasters like March's earthquake in Japan will cost the global economy a record $350 billion this year, with losses for the insurance industry second only to 2005 when Hurricane Katrina hit New Orleans, Swiss Re said. The Zurich-

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Disasters cost insurers $43bn in 2010

Natural catastrophes and man-made disasters cost the insurance industry $43 billion in 2010, Swiss Re, the world's second-biggest reinsurer, said on Tuesday, revising up an earlier estimate. Swiss Re also revised down its estimate of w

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