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Swiss Re has found that natural catastrophes and man-made disasters in 2012 caused economic losses of US$186 billion with approximately 14,000 lives lost. Large scale weather events in the U.S. pushed the total insured claims for the year to US$77 billion, which is the third most expensive year on record. This amount is still significantly lower than 2011, when record earthquakes and flooding in Asia Pacific caused historic insured losses of over US$126 billion, the highest ever recorded, according to Swiss Re. 

Weather-Related Events in the U.S. Dominated 2012 

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