December 28, 2007
BY AARON KIRCHFELD and OLIVE SWEET
BLOOMBERG NEWS
MUNICH, Germany — Munich relative, second largest more reinsurer the the worlds, said Thursday that losses of natural catastrophes will rises, because of climate changes and clients cost more for insurance premiums.
The referred company estimated world-wide insuring losses to natural catastrophes of geverdoppeltes to $30 billion in the 2007. disasters about such, like tides and storms to 15,000 death and $75 billion in the damages, the company said led. Swiss reinsurance CO, the more reinsurer, said the latter largest week that disasters cost insurers about this $25 billion year.
” die All the facts indicate losses, die that through weather in connection standing natural catastrophes will to be caused, sets to ascent” and lead to “more higher insurance premiums,” management board member Torsten Jeworrek said fort. ” The tendency in respect to weather oversize appearances that climate change is already, taking, the more such oversizes is effect and that to expected in the future.”
The number of natural catastrophes this year rose to 950, the highest since Munich relative caught an to hold track 1974. In 2007 one of the war warmest years on record, the die most expensive disaster for insuring losses winter storm Kyrill, which smashed Germany and other parts, die of Europe in January and $5,8 billion in the damages caused.
Insuring losses this year however remain well below the level of 2005 $99 billion, the worst year on record for natural catastrophes because of hurricanes, die Katrina and Rita including are.
Record precipitation in Great Britain caused tides June and July in and led to about $6 billion in insuring losses The, that most deadly accident global in November in the Bangladesh and India when eddy tower Sidr killed about 3,300 people war, Munich concerning said.
As reinsurer Munich guidelines help out-political concerning Angebotder to companies, die primary insurance policy writing are. Reinsurance assistance spreading danger so the insurance system can large losses of the natural catastrophes touch.
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