2008 Catastrophic Losses Third Highest

Munich Reinsurance Co. announced that global natural catastrophe losses made 2008 the third most expensive year on record after 2005 and 1995.  

Overall losses in 2008 were $200 billion exceeding the 2005 hurricanes Katrina, Rita and Wilma and the 1995 Kobe earthquake in Japan.

The full report is available at www.munichre.com