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Disasters Cost $130 Billion in 2013

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Disasters caused global economic losses of about US $130 billion (94.5 billion euros) in 2013, Swiss Re said on Wednesday, December 18, but there was little insurance coverage for the deadliest catastrophe, Typhoon Yolanda (Haiyan) in the Philippines. In a preliminary estimate of the impact of natural and man-made disasters, the Zurich-based reinsurance group noted that the economic impact was