Margulescu, Serghei; Margulescu, Elena - In: Global Economic Observer 1 (2013) 2, pp. 97-103
With economic losses of over USD 370 bn caused by 325 catastrophic events, 2011 ranks as the worst ever year in terms of costs to society due to natural catastrophes and man-made disasters. In the same time, 2011 is the second most expensive year in the history for the insurance industry, with...