What are ‘non-catastrophic losses’? How is the ‘total loss amount’ in respect of such a loss determined?

In general, weather risk can be divided into two types: catastrophic and non-catastrophic.Footnote 11 The first one relates to losses caused by weather events such as floods, hurricanes, drought, tornadoes, storms and hail. The second describes the financial exposure that a business may endure after weather events such as heat, cold, snow, rain and/or wind.Footnote 12 While catastrophic weather events have a small chance of occurring but usually cause huge monetary losses, non-catastrophic events occur quite commonly and cause small losses and only for so-called weather-sensitive companies. As mentioned above, we ________ _______ ____ _______ _________ ____ _________ ___ _______ ______.
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