Insurers were hit by $89 billion of losses from disasters in 2020, the fifth-costliest year for the industry in data going back five decades, according to a new report from Swiss Re. The reinsurer said the bulk of those costs, which were higher than the previous 10-year annual average of $79 billion, were from natural… Continue reading Insurers Were Hit by $89 Billion of Disaster Losses Last Year
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