Damages from Harvey, the hurricane and tropical storm ravaging Houston and the Texas Gulf Coast, are estimated to be well below those from major storms that have hit New Orleans and New York, according to Hannover Re on Monday. Hannover Re, one of the world's largest reinsurers, said that insured losses for Katrina in 2005 were around $80 billion, while losses from Sandy in 2012 were $36 billion. "We are far from Katrina and Sandy in magnitude in the case of Hurricane Harvey," a spokeswoman for the company said.
By Jeffrey Heller JERUSALEM (Reuters) - Prime Minister Benjamin Netanyahu said on Monday that Iran is building sites to produce precision-guided missiles in Syria and Lebanon, with the aim of using them against Israel. At the start of a meeting in Jerusalem with U.N. Secretary-General Antonio Guterres, Netanyahu accused Iran of turning Syria into a "base of military entrenchment as part of its declared goal to eradicate Israel." "It is also building sites to produce precision-guided missiles towards that end, in both Syria and in Lebanon.
Damages from Harvey, the hurricane and tropical storm ravaging Houston and the Texas Gulf Coast, are estimated to be well below those from major storms that have hit New Orleans and New York, according to Hannover Re on Monday. Hannover Re, one of the world's largest reinsurers, said that insured losses for Katrina in 2005 were around $80 billion, while losses from Sandy in 2012 were $36 billion. "We are far from Katrina and Sandy in magnitude in the case of Hurricane Harvey," a spokeswoman for the company said.
By Jeffrey Heller JERUSALEM (Reuters) - Prime Minister Benjamin Netanyahu said on Monday that Iran is building sites to produce precision-guided missiles in Syria and Lebanon, with the aim of using them against Israel. At the start of a meeting in Jerusalem with U.N. Secretary-General Antonio Guterres, Netanyahu accused Iran of turning Syria into a "base of military entrenchment as part of its declared goal to eradicate Israel." "It is also building sites to produce precision-guided missiles towards that end, in both Syria and in Lebanon.
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