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Asia: Cyclone Hudhud is world's most costly disaster in 2014

Source: Asia Insurance Review | Feb 2015

Cyclone Hudhud, which lashed eastern India and Nepal last October was the most expensive natural catastrophe event in terms of overall loss in the world last year, according to Munich Re, in a review of natural catastrophes in 2014. The loss caused by the cyclone was US$7 billion.

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