Compared to the last several years, insurers should be happy with the $56 billion in total economic losses and $17 billion in insured losses occurring in the first half of 2013, according to Swiss Re’s preliminary estimates. Flooding tops the list of costly disasters so far this year, as Swiss Re says 2013 is already the second-most expensive calendar year in terms of insured flood losses.
The June floods in central and eastern Europe, Germany in particular, were the costliest catastrophe event in the first half of 2013, according to Swiss Re, inflicting $4.1 billion in insured losses and $18 billion in economic losses.
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