Monday, November 24th2.5°C
22246
23934

Insurer says disaster killed more people last year, but costs were lower

BERLIN - The German insurance company Munich Re says some 20,000 people died in natural disasters last year, about twice as many as in 2012.

Most of the deaths resulted from Typhoon Haiyan that hit the Philippines, Vietnam and China in November with a loss of almost 6,100 lives. This was followed by floods in India that killed about 5,500 people in June.

Munich Re's annual disasters report released Tuesday found that the economic cost of natural catastrophes was lower last year.

Some 880 events cost about $125 billion, with insured losses of $31 billion. This compares with costs of $173 billion and insured losses of $65 billion in 2012.

The costliest natural disasters were summer hailstorms in Germany, floods in Central Europe, and storms and tornadoes in the United States.

The Canadian Press


Read more Business News

24053


Recent Trending




Today's Market
S&P TSX15015.41-96.05
S&P CDNX787.50-1.63
DJIA17817.907.84
Nasdaq4754.892+41.922
S&P 5002069.41+5.91
CDN Dollar0.8855-0.0005
Gold1197.30+1.6001
Oil75.65-0.13
Lumber332.00+1.00
Natural Gas4.136-0.015

 
Okanagan Companies
Pacific Safety0.165+0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.28-0.02
Cantex0.04+0.005
Anavex Life Sciences0.18+0.002
Metalex Ventures0.030.00
Russel Metals31.49-0.13
Copper Mountain Mining2.17-0.07
Colorado Resources0.13+0.005
ReliaBrand Inc0.0135+0.0005
Sunrise Resources Ltd0.045-0.005
Mission Ready Services0.365+0.015

 
23744


22899

FEATURED Property
1210592118 1450 Bertram St.
2 bedrooms 2 baths
$199,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


The last great Canadian tax shelter

A guide to how flow-through fund limited partnerships can mightily aid your tax planning!The end of the year will raise concerns among many professionals, self-employed persons, business owners and ev...


What I learned in China: Part 2

As per my previous article on my visit to China, we have much to learn about and from their people. It is potentially the largest market on earth with 1.3 billion people in one country but much will d...


Retirement: Health Issues

Our health is really our greatest asset and maintaining our health is of tremendous importance. You want to do what you can to ensure that health issues will not jeopardize the enjoyment of your retir...

_



24207

24158


Member of BC Press Council


22842