Swiss Re said natural and man-made disasters would cost the insurance industry about $79bn in this year , the first highest loss in its records. Of the $79 billion, Swiss Re estimates that natural catastrophes will drive $71 billion of the loss to insurance and reinsurance interests, with man-made disasters the other $8 billion. It said most of the cost, about $79bn , would come from natural disasters. It estimated total economic losses from catastrophes would be $155m , again with natural disasters taking the largest share at $ about $79bn . Swiss Re said no single event had caused any significant impact but most of the events, including California hurricanes, Japanese typhoons and the California wildfires, had been in H2 .
Swiss Re said natural and man-made disasters would cost the insurance industry about $79bn in this year , the first highest loss in its records. It said most of the cost, about $79bn , would come from natural disasters. It estimated total economic losses from catastrophes would be $155m , again with natural disasters taking the largest share at $ about $79bn . Swiss Re said no single event had caused any significant impact but most of the events, including California hurricanes, Japanese typhoons and the California wildfires, had been in H2 .