Thursday, December 02, 2010

Cost of disasters tripled in 2010 to $222B

The reinsurance company Swiss Re released preliminary figures showing economic losses in 2010 of $222 billion, nearly triple the losses of $63 billion for 2009.

An estimated 260,000 lives have been lost this year to disasters, with most of those resulting from the Haiti earthquake.

Natural rather than man-made disasters are the cause of the overwhelming majority of both economic and human losses.

The Swiss Re report includes additional tables and graphs to the one at right.

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