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Tag / natural disaster

Global economy suffers natural disaster losses totaling $53 billion during the first half of 2017

Global economy suffers natural disaster losses totaling $53 billion during the first half of 2017

News   •   Jul 24, 2017 12:20 BST

Global economic losses resulting from natural disasters during the first half of 2017 were estimated at US$53 billion – 56% lower than the 10-year average of US$122 billion, and 39% lower than the 17-year average of US$87 billion. This is according to ​Aon Benfield's ​Global Catastrophe Recap: First Half of 2017 Report.

A definitive ranking of countries most resilient to the pressures of the 21st century

A definitive ranking of countries most resilient to the pressures of the 21st century

News   •   May 22, 2017 09:33 BST

Switzerland, Luxembourg and Sweden are the three countries most resilient to the pressures of the 21st century according to the 2017 FM Global Resilience Index, with Nepal, Venezuela and Haiti making up the bottom three on their list.

Natural disasters cost $520 billion in losses every year

Natural disasters cost $520 billion in losses every year

News   •   Mar 09, 2017 12:40 GMT

The impact of extreme natural disasters is equivalent to a global $520 billion loss in annual consumption, and forces some 26 million people into poverty each year, a new report from the World Bank and the Global Facility for Disaster Reduction and Recovery (GFDRR) reveals.

Resilience: saving lives today, investing for tomorrow

Resilience: saving lives today, investing for tomorrow

News   •   Oct 13, 2016 16:36 BST

Investing in resilience can yield a wide range of benefits, but the central rationale and common focus for disaster risk management and climate-change adaptation is associated with saving lives, reducing losses and supporting both individuals and communities to bounce back from disasters quickly and effectively.

The riskiest countries in the world

The riskiest countries in the world

News   •   Sep 15, 2016 16:41 BST

Inadequate infrastructure and weak logistic chains substantially increase the risk that an extreme natural event will become a disaster. This is a core finding of the World Risk Report 2016, produced by the Institute for Environment and Human Security at the United Nations University and the Bündnis Entwicklung Hilft – Gemeinsam für Menschen in Not, in cooperation with the University of Stuttgart.

The high cost of natural disasters

The high cost of natural disasters

News   •   Jan 15, 2016 15:50 GMT

Not much more than a quarter of global economic losses caused by natural catastrophes during 2015 were covered by insurance. During the year there were 300 separate global natural disasters, as defined by the report's authors, significantly more than the 15-year average of 269 events. These caused a combined global economic loss of US$123, yet only US$35 billion was covered by insurance.

The cost of catastrophe

The cost of catastrophe

News   •   Jul 30, 2015 10:21 BST

Less than a third (31%) of global economic losses as a result of natural disasters were covered by insurance (including both private insurers and government-sponsored programs) during the first half of 2015, according to a new study by Aon Benfield. This is slightly above the 10-year average of 27% because the majority of the losses occurred in regions with higher insurance penetration.

Only half of employees feel their companies are prepared for a severe emergency

Only half of employees feel their companies are prepared for a severe emergency

News   •   Jun 16, 2014 15:16 BST

According to a recent survey conducted by Staples in the United States, only half of employees believe their workplaces are prepared for a severe emergency and nearly two-thirds of those polled stated that recent natural disasters had not led to their employers reassessing company safety plans. The survey also revealed that in the past six months nearly half of businesses had closed due to weather