Global economic losses from natural catastrophes and man-made disasters reached US$36 billion in the first half of 2018, according to new data from the Swiss Re Institute.
Global insured losses from disasters were US$20 billion in the first half of the year, according to the institute’s sigma estimates. That’s down from US$30 billion in the first half of 2018. Disaster events claimed about 3,900 victims in the first half of 2018 – the lowest half-year total in more than three decades.
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