Carriers on Hook for $36 Billion in CAT Losses

[Alekbaylee]

Swiss Re reports a total of $222 billion in worldwide economic losses due to disasters in 2010; insurers' costs rise 34% from last year.

 

http://www.insurancenetworking.com/news/insurance_swiss_re_catastrophes_manmade_disasters_claims_losses-26432-1.html

[beerbaron]

So... who took the bill? How come it did not show in most insurer's income statement?

 

BeerBaron

[Myth465]

So... who took the bill? How come it did not show in most insurer's income statement?

 

BeerBaron

 

Same question.

 

Things seem pretty hunky dory. We even have some prior year releases still popping up.