Sandy tops 2012 insurance claims

2013-01-03 18:45
Superstorm Hurricane Sandy. (Picture: AP)

Superstorm Hurricane Sandy. (Picture: AP)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories


US weather linked to climate change

2012-11-26 10:56

Severe storms like Hurricane Sandy have forced Americans to investigate possible links to global warming. Watch.WATCH

Berlin - A leading US insurance company says natural disasters cost the industry $65bn last year and that Superstorm Sandy accounted for nearly two-fifths of the total.

However, Munich Re AG said on Thursday total insured losses from natural catastrophes were down from a record $119bn in 2011, when devastating earthquakes in Japan and New Zealand cost the industry dear.

The company said total economic costs in 2012 from natural disasters - including uninsured losses - amounted to $160bn, compared with the previous year's $400bn.

Sandy was blamed for at least 120 deaths when it battered eastern coastline areas at the end of October. New York, New Jersey and Connecticut were the hardest-hit states.

Munich Re estimated insured losses from Sandy at $25bn and total losses at $50bn.

Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.
Read more on:    us  |  weather  |  us superstorm
NEXT ON NEWS24X publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Inside News24


Rugby World Cup 2015

All the action from the 2015 RWC, including live coverage of all 48 matches, breaking news, fixtures, results, logs - and much more!


Rugby World Cup 2015

All Blacks batter brave Tonga
Byrne: Israel Folau a 'freak'
As it happened: New Zealand 47-9 Tonga
England World Cup coaches barred

The phrase for today is:”Out of the blue.” Expect the unexpected and work with the changeable energy. Your intuition is more

There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.