It has been a busy October for insurers across the globe, with major floods in Asia, Africa and Europe; a magnitude 7.7 earthquake and tsunami hitting Indonesia; and a Category 5 cyclone ravaging the Philippines, according to a report by Aon Benfield. "The breadth of natural catastrophes occurring this month is a continuation of an already active year in terms of global activity," said Steve Jakubowski, president of Impact Forecasting.

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