A Swelling Tide Of Costly Natural Disaster Losses

Law360, New York (February 1, 2012, 1:25 PM EST) -- A report released in January 2012 by global insurer Munich Re concludes that 2011 was the costliest year ever in terms of natural catastrophe losses. In the U.S., no part of the country was spared; there was a drought and wildfires in the West, historic flooding in the Midwest and Northeast, and tornados in the South.

More troubling, the report shows a strong upward trend in both the number of catastrophes and the value of losses from 1980 to 2011. Munich Re reports that less than...
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