![]() Have you heard of the Wildshade horses? Breed your dream horse with over 40 million options, equip each horse with matching tack, and prove that you are worthy of the legendary Wildshade herd. ![]() Our Standards: The Thomson Reuters Trust Principles.In Wildshade: Horse Racing, you'll breed your perfect horse from a variety of options and become a unique champion - on and off the track! (Editing by Thomas Atkins and David Holmes) ![]() Munich Re's peer Swiss Re last month estimated natural and man-made disasters caused $113 billion in economic damage in 2014, about a third of which was covered by insurance. In economic terms, the costliest catastrophe was Cyclone Hudhud in India, which caused $7 billion in losses, the company said. Heavy snow in Japan and the United States early in the year, plus storms in Europe and the United States in the middle of the year and a hurricane in Mexico in September caused billions of dollars in insured and economic damage last year. "There is no reason to expect a similarly moderate course in 2015," Jeworrek said, adding it was impossible to predict disaster outcomes in any individual year. "Lower losses in 2014 should not give us a false sense of security, because the risk situation overall has not changed," Munich Re board member Torsten Jeworrek said in a statement. The figures back the industry's view that much of the world remains under-insured and that insurance could play a greater role in supporting economic recovery after a disaster, particularly in emerging markets. ![]() Insurance covered $31 billion of last year's losses or 28 percent of the total, Munich Re's data also showed. The number of people killed fell to 7,700 in 2014 from 21,000 the year before, while the economic cost of natural catastrophes dropped to $110 billion from $140 billion, Munich Re said in its annual review of disasters. ![]() Number of people killed down by two thirds and economic costs drop by $30 bln, but insurers warn against "false sense of security"įRANKFURT, Jan 7 (Reuters) - The human and economic cost of natural disasters such as hurricanes and earthquakes fell sharply worldwide last year, helped by improved early warning systems, the world's largest reinsurer Munich Re said on Wednesday. ![]()
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