MONTREAL (Reuters) - With devastating Hurricanes Katrina and Wilma in the Americas and never-before-seen hurricanes approaching Europe, the world in 2005 will show the highest-ever financial losses for weather-related natural disasters.
Economic losses globally will exceed $200 billion and insured losses will be over $70 billion, according to preliminary estimates released on Tuesday by the Munich Re Foundation, part of a leading reinsurance company.
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