Costs of Disasters Globally Expected to Escalate

Natural Disasters Could Cost $750 Billion Annually in 15 Years: AIR Study. Some excerpts:

Economic losses from global natural catastrophes likely will triple over the next 15 years, unless steps are taken to reduce bad development choices, according to preliminary results of a catastrophe modeling study presented at the third UN World Conference on Disaster Risk Reduction in Sendai, Japan.

The study, which was conducted by the Boston-based modeling firm AIR Worldwide, examines the trend of growing economic losses from global natural catastrophes by looking at nearly 20 years of historical events.

Here is the direct link to AIR Worldwide and here is a link to their Infographic.

 

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