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Weather-Related Insurance Losses Doubled in '07

By Ross Gelbspan
on

Losses to insurers from natural disasters nearly doubled this year to just below $30 billion globally after an unusually quiet 2006, a leading reinsurer said, from winter storms in Europe, flooding in Britain and wildfires in the U.S.

Munich Re also warned that climate change could mean a growing number of weather-related catastrophes in coming years.

By Ross Gelbspan

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