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Article: BRIEFING - ASIA INSURANCE - MARCH 30, 2009.
- Article from:
- AsiaPulse News
- Article date:
- March 30, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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An executive briefing on insurance for March 30, 2009, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.
NATURAL, MAN-MADE DISASTERS WIPE OUT $269 BN GLOBALLY IN 08
NEW DELHI - It is not just the financial crisis that is proving costly for economies, but natural and man-made disasters are also eroding global wealth, resulting in an economic loss of US$269 billion worldwide in 2008.
"... the total impact on the economy caused by natural and man-made catastrophes around the world added up to US$269 billion," the world's leading reinsurer Swiss ...