The U.S. hurricane season is only just getting underway, but so far this year, insured damage from tornado activity and other global catastrophes is running well below the same time last year, according to Guy Carpenter.

A report the reinsurance intermediary published today put insured catastrophe losses for January-May at just $6 billion, or about one-twelth the estimated $75 billlion sustained in the first five months of 2011.

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