Earthquakes in Asia and Italy, flooding in the United States,Asia and Europe, and a deadly hurricane along with wildfires inCanada made 2016 the costliest 12 months for natural catastrophelosses in the last four years, according to reinsurer Munich Re.
Losses totaled $175 billion, a good two-thirds more than in theprevious year, and nearly as high as the $180 billion total in2012.
The share of uninsured losses — the so-called protection orinsurance gap — remained substantial at around 70 percent. Almost30 percent of the losses, some $50 billion, were insured.
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