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US takes 'very high share' of $120bn cat losses for 2021: Munich Re

New Orleans, United States. 30th Aug, 2021. A building in downtown New Orleans, Louisiana is destroyed in the aftermath of Hurricane Ida on Monday, August 30, 2021. Power was out in the city but the levees held, Photo by AJ Sisco/UPI Credit: UPI/Alamy Liv

Natural catastrophes in the US accounted for a “very high share” of the $120bn of insured losses from natural disasters in 2021, according to Munich Re.

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