Reinsurers took it on the chin in 2010. According to a report issued today by Aon Benfield , the global reinsurance intermediary and capital advisor of Aon Corp., global natural catastrophic activity was far higher this year than in the previous three, with 314 separate events.
The "Annual Global Climate and Catastrophe Report," which reviews the natural disaster perils that occurred worldwide during 2010, finds that these events produced a total economic loss of $252 billion, and an insured loss of $38 billion. In 2009, 222 events resulted in a $58 billion economic loss and a $20 billion insured loss. (All dollar amounts are in U.S. dollars)
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