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December 16, 2004
Insurance Industry Storm Losses Hit $35 Billion, Munich Re Says
Hurricanes Ivan and Jeanne in the Caribbean Sea, a record 10 typhoons in the Pacific Ocean and other weather-related disasters will cost the insurance industry at least $35 billion this year, the highest figure in 50 years, according to Munich Re, the world's largest reinsurer.
Posted by Tom Troceen