German reinsurance giant Munich Re published a report indicating that the results of natural disasters cost $280 billion (€247 billion) globally in 2021, highlighting a trend expected to continue upward as climate changes takes it toll.
"Some of the extreme weather events are of the kind that are likely to become more frequent or more severe as a result of climate change," said scientific advisors for the company. "Among these are severe storms in the [United States], including in the winter half-year, or heavy rain followed by floods in Europe," DW (Deutsche Welle) reports.
Where were the costliest natural disasters?
The report noted a high proportion of those costs incurred in the United States, which was battered by hurricanes, floods, and tornadoes in 2021.
Hurricane Ida was the costliest disaster around the world, incurring losses of $65 billion.
It estimated that some $145 billion in damages was incurred across the country, adding that "both overall and insured losses were significantly higher than in the two previous years." In 2019, the total was $52 billion overall.
In Germany, the cost of devastating floods in July 2021 was estimated to be $40 billion, making it the most expensive natural disaster in Germany to date. Rainfall reached a level not seen in the country in a century.
"The deluge triggered flash floods that swept away countless buildings. There was also severe damage to infrastructure, such as railway lines, roads and bridges. More than 220 people were killed," the firm noted.
See all the news
LEADx Change Unveils Season 4 of Leadership Accelerator & Public Square Summit
Forbes to be Acquired by Entrepreneur and Philanthropist Austin Russell
Arrival Hosts Yet Another Successful Metaverse Event: A Recap of the Latest Conference
#საქმიანიდილა - 28 აპრილი - პროლოგი
The company "Tam Management" makes an explanation
#forbesკვირა - ქალაქები,სადაც ცხოვრებაში თანხებს გიხდიან
წერეთლის გამზირის რეაბილიტაცია - სავაჭრო ობიექტების მოლოდინები
როგორ შეიცვალა საცხოვრებელი უძრავი ქონების ფასი 12 წელში?
როდის გაიხსნება რიკოთი?
სახელმწიფო მხარდაჭერის ეფექტიანობა DCFTA-ის ბაზრებზე – ISET-ის კვლევა
#საქმიანისაღამო: ლარის კურსი & გლობალური საფონდო ბირჟების მიმოხილვა / 30.03.2023
"Georgia will be faithful to the European path... I serve this path" - Ambassador of Georgia to France
Cavea plus-ის 6 თვის შედეგები და გამოწვევები
Gold is shining in the new geopolitical world
VR Holding is starting a large-scale and innovative project in Shekvetili
JSC “Rustavi Azot” was sold
We Are Creating An Innovative Co-Working Space In Tbilisi - Sergi Gvarjaladze
State to build Anaklia Port
NG Georgia - თარგმანი ყველა ენაზე
The Rich Often Enjoy Tax Break - Deputy Minister