It's Been a Rough Month of Natural Disasters. Here's a Review of some of the Worst
6 Articles
6 Articles
Swiss reinsurer Swiss Re forecasts insured damage caused by natural disasters of more than EUR 275 billion. This sum is expected to increase significantly in the coming years.
INSURED losses from natural disasters could reach around 320 billion dollars this year in the worst case scenario, Swiss Re estimated, noting that it expects stronger demand for reinsurance.
It's been a rough month of natural disasters. Here's a review
The past month has seen a number of major natural disasters occur around the globe, from earthquakes to floods, droughts and typhoons. While the geological events would occur anyway, one problem is that the onset of the super El Nino phenomenon is setting off more risks of extreme weather worldwide. Here are some of the
According to Swiss Re, natural disasters caused 43 billion dollars (37 billion euros) of insured damage in the first half of the year – less than half as much as in the same period of the previous year. Nevertheless, they could rise to 320 billion dollars in an extreme scenario. This also has to do with the increasingly damaging so-called Secondary Perils. Gianfranco Lot (left) and Urs Baertschi from Swiss see rising demand [...]
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