30/03/2011
A string of natural disasters wreaked havoc across the world last year, costing the global economy $218 billion – more than three times the figure in 2009. 2010 saw four major earthquakes, vast floods across Asia, tornadoes, wind and hailstorms, heatwaves and wildfires as well as winter ice and snowstorms. The total bill to the global insurance industry from these catastrophes reached over $43 billion – 60% more than in the previous year, according to a study published by Swiss Re.
