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Munich Re Says Natural Disasters Tripled in Germany Since 1970

German insurers’ losses from natural catastrophes are rising as global climate change causes more inundations and storms, Munich Re said.

Weather-related events have more than tripled in the country over the past 40 years, Peter Hoeppe, who heads the Munich-based reinsurer’s Geo Risks Research Department, told journalists in Dusseldorf today. A rising trend is also measurable worldwide, he said.