US tornado losses drive $12bn H1 cat bill
Five outbreaks of US tornadoes accounted for almost half of the $12bn tally of global natural catastrophe losses hitting (re)insurers in the first half of 2012.
In what was an otherwise benign first six months for catastrophe events compared to the devastation of the prior-year period, US cat losses dominated, accounting for 85 percent of the global total, according to data from Munich Re.
The biggest single hit came from the destructive storm system that swept across parts of the...
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