Insurers paid $50 billion in natural disaster claims in 2016

That’s the highest cost since 2012, according to reinsurance company Munich Re.A woman braves the wind on the waterfront of Victoria Habour as Typhoon Haima approaches Hong Kong, Friday, Oct. 21, 2016. CREDIT: AP Photo/Vincent YuAltogether, natural disasters cost $175 billion in 2016 — and insurers paid around $50 billion in natural … [Read More...]