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.
Read more Business News
- Parents scrambling for daycare BC - 2:16 pm
- Fire destroys houseVernon / N. Okanagan - 3:05 pm
- Negotiation or legislation?Poll - 2:08 pm
- Quad crash hospitalizes oneKelowna - 1:04 pm
|QHR Technologies Inc||1.19||0.00|
|Anavex Life Sciences||0.25||+0.01|
|Copper Mountain Mining||2.93||+0.02|
|Sunrise Resources Ltd||0.025||0.00|
|Mission Ready Services||0.245||-0.005|
Apple has taught many entrepreneurs the importance of design, how to create buzz when introducing new products to the marketplace, how to pioneer new technology and the importance of superior quality....
Move over “big guys” there’s a new brokerage in town featuring local expertise, long standing experience and a fresh boutique approach. Kelowna, August 31 2014 – You may have...
There are several things to consider when deciding how much home to buy. 1. Draw up a budget including the new mortgage payments. While the rules used by most lenders require that the mortgage paym...