Insurers pay half of second worst year ever says Munich Re
Weather-related disasters have caused damages of more than $100bn (£65bn) worldwide in 2008, according to preliminary estimates by reinsurer Munich Re, reports Handelsblatt.
About half is insured, Peter Hoeppe, head of the Munich Re’s Geo Risks Research Department, tells Handelsblatt.
This figures could rise if December storms cause major damages, Hoeppe says.
Including earthquakes, economic damages have reached $200bn this year, the researchers estimate, making 2008 the second most expensive in economic terms, after 2005.
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The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
