Tuesday, January 4, 2011

Munich Re warns of soaring climate change costs

Report from top reinsurer reveals cost of climate-related disasters spiked in 2010 as natural disasters killed 295,000 

The number of weather-related natural disasters soared last year, providing "further evidence of advancing climate change", according to amajor report from one of the world's leading reinsurance firms.
Munich Re said that 950 natural disasters were recorded last year, nine tenths of which were weather-related events such as storms, floods or heat waves. The total represents the second highest number of natural disasters recorded since 1980 and is 21 per cent higher than the average number of annual incidents recorded over the past decade. More >>>