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Insured losses rise to most ever in 2017

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Insured losses rose to their highest ever level in 2017 following hurricanes, earthquakes and fires in North America.

Insureres will have to pay claims totaling some $135 billion for the year, according to Reuters.

Officials with German reinsurer Munich Re said last year's losses totaled $330 billion, the second-worst in history. The total included those not insured.

Read more from Reuters.

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