SURVEY: DECREASE IN COVERED LOSSES CUSHIONED INSURERS IN '93 DISASTERS
MARGO D. BELLER | Mar 15, 1994, 7:00 PM EST
… A survey of 1993's 600 disasters conducted by Munich Re Corp. found the insurance industry ending the year with "minor … because most of the property damaged by flood waters was not covered by insurance.The 600 disasters, beginning with three gales that hit central Europe in January to Typhoon Nell, which … billion insured. Earthquake, Iran, 1990, $7 billion, $100 million insured. Typhoon Mireille, Japan, 1991, $6 billion, $5.2 billion insured. Earthquake, U.S., 1989, $6 billion, $900 million …