Insured losses from natural disasters nearly double, risks up on … - The Canadian Press- Topic: global warming facts

While losses soared in 2007, the figure was far short of the $99 billion that Munich Re recorded in 2005 - when hurricane Katrina slammed into New Orleans. The world's second-largest reinsurer put total economic losses this year-which includes losses not covered by insurance - from natural disasters at $75 billion (52 billion euros) - a 50 per cent increase from last year's $50 billion, but far below the 2005 figure of $220 billion. This year's costliest Caribbean storm, August's deadly hurricane Dean, placed seventh overall, with insured losses of $1 billion (690 million euros). Munich Re said the year's deadliest natural disasters by far were November's tropical cyclone Sidr in Bangladesh, which killed some 3,300 people; and flooding in South Asia from July to September, which accounted for 3,000 lives. read more

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