Insurance Post

Development blamed for high disaster losses

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Preliminary results of a catastrophe modelling study presented at the Third UN World Conference on Disaster Risk Reduction showed little prospect of reducing economic losses from present levels of $240bn (£163bn) per year.

The study normalised the economic losses from major natural disasters over the last 20 years and found that they oscillate around a baseline value of $240bn.

This is close to the $250bn to $300bn

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