damage

Share

How much does a landfalling hurricane cost?

Hurricanes are capable of inflicting extremely large amounts of damage when they make landfall on highly populated, urbanised regions of the U.S. coastline. Reinsurers have long had a fear of a direct hit on Miami from a major hurricane, an event which could cause over $100 billion worth of damage. read the full article →

Japan puts property damage from earthquake at $210 billion

The Japanese Cabinet office has released an estimate this morning for the economic property losses caused by the 11th March earthquake and tsunami disaster. They estimate that the quake and tsunami destroyed buildings and infrastructure worth around $210 billion. The estimate excludes any costs related to the Fukushima nuclear disaster read the full article →