At $25 billion, Sandy tops claims for 2012

U.S. had 90% of world’s insured losses

Posted: January 4, 2013 at 1:47 a.m.

A pedestrian passes a commercial strip Wednesday in the Rockaways section of New York that burned down during superstorm Sandy. Insurer Munich Re AG estimated Thursday that the storm will lead to insurance payouts of $25 billion.

Natural disasters cost insurers $65 billion last year, with the United States accounting for ninetenths of the bill and superstorm Sandy prompting payouts of $25 billion, a leading insurance company said Thursday.

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Business, Pages 23 on 01/04/2013