Natural disaster damage hits 4-year high of $175 bn in 2016
Frankfurt am Main
Frankfurt am Main - Arab Today
Natural disasters including storms and earthquakes caused $175 billion of damage in 2016, German reinsurance giant Munich Re said Wednesday, the highest level since 2012.
While the year saw a two-thirds increase in the financial impact of catastrophes around the world, casualties from natural disasters were far lower in 2016 than the previous year, at 8,700 deaths compared with 25,400.
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