Tropical cyclones causing billions in losses dominate nat cat picture of 2019

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Insurance Information Institute - Dec 31, 2019

This year-end recap found that global natural catastrophe insured losses were $52 billion in 2019, down from $80 billion in 2018. Severe tropical storms were the predominant cause of these losses. Typhoons Faxai and Hagibis in Japan were the costliest natural catastrophes for insurers, with carriers...

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