Disasters cost $92b in 2015: Swiss Re

Natural and man-made disasters cost $92 billion (81.24 billion euros) in 2015, compared with $113 billion in 2014, the Swiss reinsurer Swiss Re said in report yesterday. Global insured losses were $37 billion, far below the $62 billion annual average of the last 10 years, it said. The biggest single insured-loss of the year was the twin explosions at the port of Tianjin in China.