Unintended (Intended) Consequence of More Frequent Severe Weather: Record German Wind Power
By Roman Kilisek
Germany’s
Munich Re, one of the world’s largest and leading reinsurers, released
on January 7 its review of natural catastrophes in 2014 – measuring the
economic impact of natural catastrophes on its reinsurance business
bottom line. Attributing the much lower 2014 financial losses vis-à-vis
previous years to the “absence of very severe catastrophes and a
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