While the overall cost of weather disaster claims has dropped since last year, there were more recorded catastrophe events, according to information from Munich Re.
In a press release, the company said weather-related events accounted for 94 percent of loss-relevant natural catastrophes. More than a thousand individual loss events were recorded, though the statement notes that this may simply be due to better communication and a large amount of minor storms.
Total losses added up to $90 billion, with only $27 billion insured. During the winter season, the United States saw $4.6 billion in losses, with all but $1.2 billion of this insured. This figure represents a rise in both insured and uninsured losses from the same time just one year previous.
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