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Insured Losses from U.S. Hurricanes and Mexico Earthquakes Reach $95 Billion

2017-10-21

Author:Editorial Team

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        Chinanews.com, October 20—According to Russia's Sputnik news agency, survey data released by Swiss Re show that total claims paid by insurance companies to disaster victims from Hurricanes "Harvey," "Irma" and "Maria" in the United States and the earthquakes in Mexico reached about $95 billion.

        Local time, August 31, 2017, Texas, United States: the impact of Hurricane "Harvey" continues. Texas Governor Abbott said the disaster brought by "Harvey" was far stronger than "Katrina" in 2005 and "Sandy" in 2012. More than 48,000 homes are expected to have been damaged by "Harvey," and it is now estimated that at least 31 people have died and more than 30,000 have been left homeless. The photo shows the authorities using military vehicles to evacuate residents on August 31.

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File photo: local time, August 31, 2017, Texas, United States—the impact of Hurricane "Harvey" continues.

        Swiss Re's own claims losses amounted to about $3.6 billion, of which $175 million was caused by the two earthquakes in Mexico.

        The United States and its islands were hit by several Category 4 to 5 tropical hurricanes in the past month. Mexico experienced destructive earthquakes on September 7 and 19 respectively.

Source: Chinanews.com 2017-10-20