Munich Reinsurance Company, one of the world’s leading reinsurers, earlier this month released its review on natural catastrophes for the first half of 2015. (Roanoke Trade is a subsidiary of Munich Re Group.) Although insured losses from natural catastrophes totaled about $12 billion in the first half of 2015, lower than the long-term average of $15 billion, there were significant deaths as a result of the earthquake in Nepal and heat wave in India and Pakistan. In fact, in the first half of the year, a total of over 16,000 people died in severe weather events and earthquakes. According to […]