economic losses


Weather variability can cost the U.S. economy $485 billion per year

A research paper due to be published this month in the Bulletin of the American Meteorological Society suggests that routine variations in the weather, such as rainfall and cooler or hotter than average days, can result in an annual cost to the U.S. economy of $485 billion. The paper, which you 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 →

$218 billion in economic losses, $43 billion in insured losses from natural catastrophes and man-made disasters in 2010

Swiss Re have today published their latest Sigma report which looks at the toll suffered around the globe from natural catastrophes and man-made disasters during 2010. The report shows that losses were exceptionally high in 2010, particularly for a year when the Atlantic hurricane season (one of the biggest loss read the full article →

RMS puts economic losses from Japan disaster at USD$200-$300 billion

Risk Management Solutions has issued an estimate for the economic losses resulting from the disaster in Japan on the 11th of March. Their estimate includes the earthquake, tsunami, disruption to power supplies, evacuations and the ongoing issues relating to the crippled Fukushima Daiichi nuclear power plant. Overall RMS puts the economic read the full article →