December 19, 2011

Natural and man-made catastrophes cost the world economy $350 billion

Switzerland based reinsurer company, Swiss Re announced on December 15, 2011 that aside from the human cost of some 30,000 lives in the year 2011, natural disasters in places such as Japan and New Zealand rendered the highest ever catastrophe-related economic losses in history at US$350 billion.

Sources: France24, Vancouver Sun

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