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MUNICH RE-DISASTERS REPORT
Insurer says disaster killed more people last year, but costs were lower
Reported by: Associated Press
Reported: Tuesday, January 7, 2014 5:38 AM EST
The German insurance company Munich Re says some 20,000 people died in natural disasters last year, about twice as many as in 2012.
Munich Re's annual disasters report released Tuesday found that the economic cost of natural catastrophes was lower last year.
Some 880 events cost about $125 billion, with insured losses of $31 billion. This compares with costs of $173 billion and insured losses of $65 billion in 2012.
The costliest natural disasters were summer hailstorms in Germany, floods in Central Europe, and storms and tornadoes in the United States.