. | . |
Natural catastrophe losses up sharply in first half 2016: Munich Re by Staff Writers Frankfurt (AFP) July 12, 2016 Financial losses from natural catastrophes surged strongly in the first six months of this year, driven by powerful earthquakes in Japan and Ecuador, storms in Europe and the US, and forest fires in Canada, German reinsurer Munich Re said on Tuesday. "Losses caused by natural catastrophes in the first half of 2016 were significantly higher than the corresponding figures for the previous year," Munich Re said in a statement. "In total, losses by the end of June came to $70 billion (63 billion euros) compared with $59 billion the previous year." Insured losses amounted to $27 billion for the six-month period, compared with $19 billion the year before. Overall losses were above the inflation-adjusted average for the last 30 years, but below the average for the last 10 years, Munich Re said. Natural disasters claimed 3,800 lives in the first half, significantly fewer than the 21,000 recorded in the same period a year earlier. The highest losses were caused by two earthquakes on the Japanese island of Kyushu in April -- $25 billion, of which $6.0 billon was insured, Munich Re said. But also of "particular note were a series of storms in the US and Europe, massive forest fires in Canada and the complete absence of typhoons in the northwestern Pacific," Munich Re said.
Related Links Bringing Order To A World Of Disasters A world of storm and tempest When the Earth Quakes
|
|
The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us. |