Natural Disasters Cause Higher Losses in 2008, Munich Re Says

(Bloomberg) — Losses from natural catastrophes rose to the third-highest level on record as climate change fueled cyclones and hurricanes and China was hit by the Sichuan earthquake, according to a report from Munich Re.

Worldwide insured losses related to natural catastrophes increased about 50 percent to an estimated $45 billion last year compared with 2007, the world


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