I definitely agree with anuraag. In fact 2004 has been one of the worst years with regards to Catastrophes… Tsunamis totally devastating the south east asia with total econic losses of over $ 14 bn… however total insurable losses stand lower at $ 120 million or so…
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Tsunami hitting the Indian Ocean will make these numbers shoot up… 2004- Year of the CAT losses.
I definitely agree with anuraag. In fact 2004 has been one of the worst years with regards to Catastrophes… Tsunamis totally devastating the south east asia with total econic losses of over $ 14 bn… however total insurable losses stand lower at $ 120 million or so…