Subscribe to our free daily newsletters
. Earth Science News .




Subscribe to our free daily newsletters



DISASTER MANAGEMENT
Natural catastrophe losses up sharply in first half 2016: Munich Re
by Staff Writers
Frankfurt (AFP) July 12, 2016


Financial losses from natural catastrophes surged strongly in the first six months of this year, driven by powerful earthquakes in Japan and Ecuador, storms in Europe and the US, and forest fires in Canada, German reinsurer Munich Re said on Tuesday.

"Losses caused by natural catastrophes in the first half of 2016 were significantly higher than the corresponding figures for the previous year," Munich Re said in a statement.

"In total, losses by the end of June came to $70 billion (63 billion euros) compared with $59 billion the previous year."

Insured losses amounted to $27 billion for the six-month period, compared with $19 billion the year before.

Overall losses were above the inflation-adjusted average for the last 30 years, but below the average for the last 10 years, Munich Re said.

Natural disasters claimed 3,800 lives in the first half, significantly fewer than the 21,000 recorded in the same period a year earlier.

The highest losses were caused by two earthquakes on the Japanese island of Kyushu in April -- $25 billion, of which $6.0 billon was insured, Munich Re said.

But also of "particular note were a series of storms in the US and Europe, massive forest fires in Canada and the complete absence of typhoons in the northwestern Pacific," Munich Re said.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.

SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only

.


Related Links
Bringing Order To A World Of Disasters
A world of storm and tempest
When the Earth Quakes






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
DISASTER MANAGEMENT
Friend or foe? Texas open-carry gun law under scrutiny
Dallas (AFP) July 11, 2016
When shots rang out in Dallas last week, police zeroed in - wrongly - on men in camouflage gear carrying powerful military-grade rifles. People can carry such guns openly under Texas law, a provision now under scrutiny for complicating police work in a moment of acute crisis. About 20 such armed men had joined a march Thursday over the deaths days earlier of two black men at the hands ... read more


DISASTER MANAGEMENT
A new way to detect hidden damage in bridges, roads

Friend or foe? Texas open-carry gun law under scrutiny

Nepal selling rice donated for quake victims

Pacific Ocean radiation back near normal after Fukushima: study

DISASTER MANAGEMENT
Researchers improve catalyst efficiency for clean industries

A little impurity makes nanolasers shine

Researchers improve performance of cathode material by controlling oxygen activity

A sharper focus for plasmonic lasers

DISASTER MANAGEMENT
Experts listen in on noisy Falmouth seas

Shark town: Australian surf spot reeling from attacks

Florida algae bloom afflicts economy, sea life

New technology could improve use of small-scale hydropower in developing nations

DISASTER MANAGEMENT
Expanding Antarctic sea ice linked to natural variability

King penguins keep an ear out for predators

Vegetation in Russian Arctic has memory

Super-slow circulation allowed world's oceans to store huge amounts of carbon during last ice age

DISASTER MANAGEMENT
A culinary expedition with Peru's intrepid top chef

EU limits glyphosate use during 18-month extension

ChemChina extends $43 bn offer for agri-giant Syngenta

Feeding the world by rewiring plant mouths

DISASTER MANAGEMENT
California ill-prepared for the Big One, experts say

Strong 6.3 magnitude earthquake shakes Ecuador: USGS

Tropical storm kills 10 in China, 11 missing

Understanding tsunamis with EM fields

DISASTER MANAGEMENT
Rwanda hikes import duties on secondhand clothes

Nigeria's ex-air force chief charged with money laundering

Why are UN forces returning control of security to Liberia?

Seven Niger gendarmes killed in refugee camp attack

DISASTER MANAGEMENT
Archaeology suggests no direct link between climate change and early human innovation

Monkeys know what they don't know

The history of human genetic ancestry in Madagascar

Ancient Brazilians occupied the same houses for centuries




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News






The content herein, unless otherwise known to be public domain, are Copyright 1995-2017 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement