Roy / Thursday, January 8, 2015 / Categories: Storms Review of natural catastrophes in 2014 Relatively low losses from weather extremes and earthquakes, globally and in U.S. PRINCETON, N.J.--(BUSINESS WIRE)--The absence of very severe catastrophes and a quiet hurricane season in the North Atlantic meant that losses from natural catastrophes in 2014 were much lower. In North America, overall losses of US$ 30bn and insured losses of US$ 18bn were well below the average values for the last ten years (US$ 77bn and US$ 38bn). At US$ 7bn, the most expensive event globally in terms of overall loss was Cyclone Hudhud in India. ... Read More Source: Business Wire Previous Article Hail Damage to home from June 3 Hailstorm Next Article Insurance industry wins temporary FLSA exemption for insurance adjusters in CRomnibus Print Comments Please login or register to post comments.
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