$23 billion global crop insurance claims in 2012 the highest ever: Munich Re
25th January 2013According to Munich Re, the world’s largest reinsurer, global crop insurance claims in 2012 reached a massive $23 billion. Munich Re attributes as much as $15 billion of these losses in the U.S. due to the severe drought in 2012. Crop losses are growing with increasing insurance penetration and in years to come these figures […]
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