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Posts Tagged ‘2016 disasters’

2016 Disaster Damage Highest in 4 Years: Munich Re

Posted by feww on January 4, 2017

Submitted by KBA

“Natural disaster” damage hits a 4-year high: Munich Re

Disasters caused $175 billion of damage in 2016, the highest level since 2012, reported Munich Re.

  • $125 billion of losses (71%) were uninsured.

Disaster claims last year cost the insurers about $50 billion, nearly double 2015’s payout of $27 billion.

  • Ten-year average: $45 billion

Casualties from the disasters in 2016 were 8,700 fatalities compared with 25,400 in 2015.

  • Ten-year average: 60,600


Kyushu, Japan, was hit by two earthquakes in April inflicting costs of $31 billion, while  floods in China in June and July cost $20 billion.

North America

North America experienced 160 disasters, its largest total since 1980. Wildfires, heatwaves and droughts plagued Canada, costing about $4 billion, while flooding in the southern US caused $10 billion in damage.

Hurricane Matthew, the worst disaster in the region, killed  550 people in Haiti alone and caused $10.2 billion of damage.


Summer storms across Europe triggered flooding with damage costing a total of $6 billion, in Germany as well as the French capital Paris.

  • Floods accounted for 34 percent of all losses globally.

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Global Disaster Report: Swiss Re

Posted by feww on December 15, 2016

2016 Disasters killed about 10,000 and cost USD158 billion

Total economic losses from all disasters are estimated at US$158 billion in 2016 ($94 billion losses in 2015 ), according to Swiss Re. [Disasters caused by ISIL and their backers, and the toll from their terrorists acts are not included in the Swiss Re preliminary sigma estimates.]

  • Insured losses: $49 billion ($37 billion in 2015)
  • Casualties: 10,000 people lost their lives [more than  250,000 injured: Blog Models.]
  • Earthquakes, hail and thunderstorms, and Hurricane Matthew resulted in the largest insured losses in 2016.

Major disasters in 2016 included

  • Hurricane Matthew and severe storms in the US
  • Widespread flooding in the US, Europe and Asia
  • Earthquakes in Taiwan, Japan, Ecuador, Italy and New Zealand
  • Wildfires in Canada


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