Articles Posted in the Business category

Insurance industry feels the effects of climate change

December 30, 2007
Posted in Business

There were 950 natural disasters in 2007, up from 850 in 2006, according to this year’s annual disaster report of Munich Re, the world’s second-biggest re-insurer.

This is the highest number since the group started compiling its report in 1974.

The total cost of 2007’s disasters was $75-billion; 2006’s bill was $50-billion.
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