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The Straits Times
10 deadly weather disasters this year cost insurers $200b: Report
A woman washing a cooking pot in floodwaters outside her home in Sreenagar, Dhaka, in July, as an unusually rainy monsoon wreaked havoc in Bangladesh. PHOTO: AGENCE FRANCE-PRESSE
A firefighter battling flames in Madera County in California in September as wildfires scorched record areas in the US.PHOTO: AGENCE FRANCE-PRESSE
PublishedDec 29, 2020, 5:00 am SGT
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SciTech
Residents bathe, wash, and pump water on Friday, Nov. 20, 2020 in their destroyed village in Rodriguez, Rizal following the damage caused by flooding from Typhoon Ulysses (Vamco). REUTERS/Eloisa Lopez 2020 weather disasters boosted by climate change report By MARLOWE HOOD, Agence France-Presse
Published December 28, 2020 7:12pm PARIS The ten costliest weather disasters worldwide this year saw insured damages worth $150 billion, topping the figure for 2019 and reflecting a long-term impact of global warming, according to a report Monday. The same disasters claimed at least 3,500 lives and displaced more than 13.5 million people. From Australia s out-of-control wildfires in January to a record number of Atlantic hurricanes through November, the true cost of the year s climate-enhanced calamities was in fact far higher because most losses were uninsured.
The same disasters claimed at least 3,500 lives and displaced more than 13.5 million people.
From Australia’s out-of-control wildfires in January to a record number of Atlantic hurricanes through November, the true cost of the year’s climate-enhanced calamities was in fact far higher because most losses were uninsured.
Not surprisingly, the burden fell disproportionately on poor nations, according to the annual tally from global NGO Christian Aid, entitled “Count the cost of 2020: a year of climate breakdown”.
Only four per cent of economic losses from climate-impacted extreme events in low-income countries were insured, compared with 60 per cent in high-income economies, the report said, citing a study last month in The Lancet.