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Hurricanes of 2017 : worst losses since 2005, according to Swiss Re


Justine Montminy

January 8, 2018 13:30

The hurricane season of 2017 has been the most devastating in the United States for the past 12 years, the report says preliminary insured losses global Swiss Re.

The total number of insured losses caused by hurricanes Harvey, Irma and Maria (HIM), totalling almost 93 billion us dollars (G$ US). Three hurricanes have hit the coast of Texas (Harvey), west Florida, and the Caribbean (called Irma and Maria).

The second season of the hurricanes the most expensive

After 12 years of absence of major hurricanes in the United States, HIM did of 2017 the second season of the hurricanes the most expensive, according to reports from Sigma, the research affiliate of Swiss Re, just behind hurricanes Katrina, Rita and Wilma in 2005.

«There has been a lull in the activity of hurricanes in the United States, for several years. However, there has been a significant increase in the number of residents and new homes in coastal communities since Katrina, Rita and Wilma in 2005, so when a hurricane strikes, the potential loss in some places is now much higher than before, » says Kurt Karl, chief economist of Swiss Re.

Many fires in 2017

The report also mentions the many fires that have affected California. According to the estimated preliminary service claims, the major fires that have caused combined losses on the insured property of$ 7.3-billion US.

In mid-September, two major earthquakes in Mexico have caused over US$ 2 billion.

The report of Swiss Re totals the overall losses insured to 136 billion US dollars, figures that are very similar to the Munich Re report, which sums the insured losses overall at 135 billions of US$.

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