Natural disasters prove expensive in 2012.
Photo Mel Evans/AP

 


Natural catastrophes caused $160 bn damage in 2012 (via AFP)

Natural catastrophes including US hurricane Sandy caused $160 billion (122 billion euros’) worth of damage in 2012, the world’s leading reinsurer, Munich Re, estimated on Thursday. “Last year, natural catastrophes caused $160 billion in overall losses and $65 billion in insured losses worldwide,” Munich…