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Losses from natural disasters at 13-year low in H1 – Munich Re


First leg of 2020 Olympic torch relay to start in Fukushima

The Olympic torch relay will start in Fukushima Prefecture in 2020 to reinforce the image that the Tokyo Olympics and Paralympics will be about showcasing the reconstruction from the 2011 Great East Japan Earthquake.

The Tokyo Organizing Committee of the Olympic and Paralympic Games approved the plan at a meeting on July 12 to have the torch relay start in Fukushima Prefecture from March 26, 2020. The relay will then travel through all prefectures of Japan before entering Tokyo on July 10, 2020…


Losses from natural disasters at 13-year low in H1 – Munich Re

Overall losses from storms, flooding and earthquakes almost halved in the first six months of 2018 to $33 billion, the lowest figure in 13 years, reinsurer Munich Re said on Wednesday.

Insurers paid out $17 billion for natural disaster claims, down from $25.5 billion a year earlier but in line with the 30-year average of $17.5 billion, the reinsurer said.

“Following a period of extreme disasters with record losses, it is nice to be able to record a phase with low losses,” Munich Re board member Torsten Jeworrek said.

The reinsurer cautioned, however, that the highest losses are usually caused in the second half of the year. Last year, a series of major hurricanes pushed up overall losses to $340 billion…

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