Record cost for natural disasters in 2011. - The number of loss-relevant events recorded last year by the world's leading insurer, Munich Re, numbered 820. Damages worth $380 billion were caused, far higher than in 2005, the year when hurricane Katrina caused the most ever damages to insurance and reinsurers. In 2010, total damages rose to $152 billion for 920 disasters. The damages assumed by insurers and reassurers also reached a record level in 2011: 105 billion as opposed to 101 billion...