Global losses from natural disasters in 2020 came to US$ 210bn, of which some US$ 82bn was insured. Both overall losses and insured losses were significantly higher than in the previous year (2019: US$ 166bn and US$ 57bn respectively).
The US share of losses was rather high: Natural disasters in the US accounted for US$ 95bn (2019: US$ 51bn) of overall losses and US$ 67bn of insured losses (2019: US$ 26bn).
This year’s natural disasters claimed some 8,200 lives.
Overall, the uninsured portion of natural disaster losses in 2020 was around 60%. Once again, it was notable that only a small portion of losses was insured in the growing economies in Asia. The year’s costliest natural disaster was the severe flooding in China during the summer monsoon rains. Overall losses from the floods amounted to approximately US$ 17bn, only around 2% of which was insured. Insurance solutions either from the private sector or in the form of public-private partnerships could help to improve resilience, in other words the ability to return to normal life as quickly as possible.
Since then, no other storm in cat 5 has gotten close to ny.
To just cut and paste parroted easily discredited bullshit about algore's fraud does not even deserve be in enviro, it should get bounced to rubber room or conspiracy...
There are going to be deserted coastlines in part of the Southeast in the coming years. Insurance companies are going to refuse to insure coastal parts of Texas, Louisiana, and Florida, and people won't leave, they'll stay. Until a hurricane comes along and they lose everything. Property values of those nearby homes unaffected will plummet as nearby coastal neighborhoods are wrecked and abandoned.
This is the new normal. Droughts in the West will halt new development, and fire risks will also make insurance unaffordable in parts of the West. The next phase is climate refugees. Nowhere in the industrialized world are more people unaware of this than in the United States.
There are going to be deserted coastlines in part of the Southeast in the coming years. Insurance companies are going to refuse to insure coastal parts of Texas, Louisiana, and Florida, and people won't leave, they'll stay. Until a hurricane comes along and they lose everything. Property values of those nearby homes unaffected will plummet as nearby coastal neighborhoods are wrecked and abandoned.
This is the new normal. Droughts in the West will halt new development, and fire risks will also make insurance unaffordable in parts of the West. The next phase is climate refugees. Nowhere in the industrialized world are more people unaware of this than in the United States.
There are going to be deserted coastlines in part of the Southeast in the coming years. Insurance companies are going to refuse to insure coastal parts of Texas, Louisiana, and Florida, and people won't leave, they'll stay. Until a hurricane comes along and they lose everything. Property values of those nearby homes unaffected will plummet as nearby coastal neighborhoods are wrecked and abandoned.
This is the new normal. Droughts in the West will halt new development, and fire risks will also make insurance unaffordable in parts of the West. The next phase is climate refugees. Nowhere in the industrialized world are more people unaware of this than in the United States.
There are going to be deserted coastlines in part of the Southeast in the coming years. Insurance companies are going to refuse to insure coastal parts of Texas, Louisiana, and Florida, and people won't leave, they'll stay. Until a hurricane comes along and they lose everything. Property values of those nearby homes unaffected will plummet as nearby coastal neighborhoods are wrecked and abandoned.
This is the new normal. Droughts in the West will halt new development, and fire risks will also make insurance unaffordable in parts of the West. The next phase is climate refugees. Nowhere in the industrialized world are more people unaware of this than in the United States.
Global losses from natural disasters in 2020 came to US$ 210bn, of which some US$ 82bn was insured. Both overall losses and insured losses were significantly higher than in the previous year (2019: US$ 166bn and US$ 57bn respectively).
The US share of losses was rather high: Natural disasters in the US accounted for US$ 95bn (2019: US$ 51bn) of overall losses and US$ 67bn of insured losses (2019: US$ 26bn).
This year’s natural disasters claimed some 8,200 lives.
Overall, the uninsured portion of natural disaster losses in 2020 was around 60%. Once again, it was notable that only a small portion of losses was insured in the growing economies in Asia. The year’s costliest natural disaster was the severe flooding in China during the summer monsoon rains. Overall losses from the floods amounted to approximately US$ 17bn, only around 2% of which was insured. Insurance solutions either from the private sector or in the form of public-private partnerships could help to improve resilience, in other words the ability to return to normal life as quickly as possible.
2020 Hurricane season was busy in the Atlantic and nowhere else, but your scum ridden post left that part out.
Major Tornado season continues to decline
There has been no global increase in the number of wildfires … here’s the NASA satellite data.
Deaths from climate-related phenomena are at an all-time low. If you think deaths from climate-related catastrophes are an emergency, please point in the graph below to the start of the “emergency”.
www.munichre.com
