News Headline

Global disasters in 2017 cost $306 billion—nearly double the cost of 2016

Source
Quartz

Publication Date
2017-12-21

Hurricanes, earthquakes, and wildfires ravaged the world in 2017, as they do each year. But the economic loss from this year’s global disasters cost us more than usual. Insurance firm Swiss Re, which makes this calculation every six months, estimates the economic loss in 2017 to be $306 billion, which is almost double 2016’s loss of $188 billion (and also much higher than the 10-year-average of $190 billion).

Content
https://qz.com/1162791/2017-natural-disasters-and-climate-change-effects-cost-the-world-306-billion/