Yearend catastrophes highlight rising exposure: Munich Re
As 2003 closed out with earthquakes in Iran and California, the events of the year highlight increasing exposures to catastrophe and new large-scale risks for insurers, says the world’s largest reinsurer. In its annual report on global catastrophes, Munich Re notes that total insured losses for the year were US$15 billion, versus US$11.5 billion in […]
By Canadian Underwriter | January 7, 2004
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