A Retreat From Weather Disasters (NYT)

Damages from weather-related catastrophes have increased, but the share of these damages covered by insurance has been declining, according to a new report by Ceres, an environmental advocacy group. Last year, less than a third of the $116 billion in worldwide losses from weather-related disasters were covered by insurance, according to data from the reinsurer Swiss Re. In 2005, the year Katrina struck, insurance picked up 45 percent of the bill.

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