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Impact Forecasting, the catastrophe model development center at Aon Benfield, has released a mid-year natural disaster analysis that shows that economic losses from global natural disasters during the six month period ending June 30 totaled US$85 billion (2012: US$75 billion) – around 15 percent lower than the 10-year (2003-2012) average of US$100 billion.

Insured losses for the period reached US$20 billion (2012: US$25 billion) – approximately 20 percent below the 10-year average of US$25 billion. Roughly 50 percent of the insured losses resulting from natural disaster events were recorded in the United States, according to the report.

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