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Insurer: 2015 Saw Lowest Natural Disaster Losses in 6 Years

Last year saw the lowest financial costs from natural disasters worldwide since 2009 as the El Nino weather phenomenon reduced hurricane activity in the North Atlantic, a leading insurer said Monday. The year's most devastating disaster was the earthquake in Nepal in April, but only a fraction of the resulting losses was insured. Insurer Munich Re said in an annual survey that both insured losses and overall costs resulting from disasters were the lowest since 2009. It said that...

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