Severe weather-related catastrophes in United States accounted for a larger-than-normal portion of global catastrophe losses in 2012, increasing to 67 percent from an average of 32 percent, and 90 percent of global insured losses, compared to an average of 57 percent, according to Munich Re.
Globally, natural catastrophe losses totaled $160 billion in 2012, and insured losses totaled $65 billion, which is significantly lower than those in 2011. The year's highest insured loss in 2012 was caused by Superstorm Sandy, estimated at $25 billion, Munich Re said.
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