Earthquakes, floods and other disasters cost the global insurance sector $70B in H1, Swiss Re...

|By:, SA News Editor

Earthquakes, floods and other disasters cost the global insurance sector $70B in H1, Swiss Re says. After 2005, when claims hit $120B, this already makes 2011 the second-most expensive year in over 40 years. The total H1 losses to society, insured and uninsured, were almost $278B. (PR)