$7bn of insured natural disaster losses in Q1 2014
Insurers had to pay out $7bn in insured losses caused by natural disasters in the first quarter of the year according to catastrophe modeller Impact Forecasting.
From the beginning of January to the end of March, the global economy saw $20bn of economic losses resulting from around 70 natural catastrophes. The losses were similar to those in 2012 and 2013.
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