2012 Catastrophic Insurance Claims Decrease by Nearly Half from 2011

Posted on Thursday, December 20th, 2012 at 9:39 pm    

The global insurance industry is looking at approximately $65 billion in catastrophic insurance claims for 2012, almost half of the amount filed in 2011, a shocking $120 billion, according to a report from Swiss Re.

Much of the reason for last year’s high figures came from the devastating earthquake and tsunami in Japan, as well as significant flooding that occurred in Thailand. For 2012, most of the claims came from weather-related damage in the United States, with claims related to Hurricane Sandy totaling almost $25 billion.

Although significantly less than 2011 totals, the claims total for 2012 is still above the 10 year average.

If you have filed an insurance claim for damages but you feel you’ve been treated unfairly by your insurance company, contact the Dallas insurance lawyers of Smith Kendall, PLLC, today by calling 214-361-6124.