2011: A Record Year for Insured Catastrophe Losses

A posting today from Business Insurance notes that, according to Munich Reinsurance Co. research, "2011 was the costliest year on record for insured natural catastrophe losses... Insured losses from natural catastrophes totaled about $105 billion..." The article says that about two-thirds of the losses were from the Japan and New Zealand earthquakes (although the posting then says that the two earthquakes caused $53 billion in damages, which is more like one-half, but perhaps I'm missing something).

Here's a link to a press release from Munich Re regarding their research.

- Rick