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Monday, January 3, 2011

It's only just begun

FRANKFURT: The Haiti earthquake and floods in Pakistan and China helped make 2010 an "exceptional" year for natural disasters, killing 295,000 and costing 130 billion dollars, the world's top reinsurer said Monday.

"The high number of weather-related natural catastrophes and record temperatures both globally and in different regions of the world provide further indications of advancing climate change," said Munich Re in a report.

A total of 950 natural catastrophes were recorded last year, making 2010 the second worst year since 1980. The average number of events over the past 10 years was 785.
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The earthquake in Haiti was by far the worst disaster in terms of human cost, killing 222,570 people, Munich Re said. Some 56,000 died in a combination of heatwaves and forest fires in Russia, it said.

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Last month, another major reinsurer, Swiss Re, reported that man-made and natural disasters generated worldwide economic losses of 222 billion dollars in 2010, more than three times the figure for the previous year

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