Natural disasters caused global losses of $192 billion in 2013

Will Green is news editor of Supply Management
22 January 2014

22 January 2014 | Will Green

A total of 259 natural disasters took place in 2013 causing global economic losses of $192 billion (£116 billion).

According to Aon Benfield the single most costly disaster was spring flooding in central Europe, which hit Germany particularly hard and caused economic losses of $22 billion (£13 billion).

However, the most deadly event was Typhoon Haiyan in Asia, which claimed the lives of around 8,000 people with economic losses of $13 billion (£7.8 billion).

A report said: “Economic losses in 2013 were largely driven by flooding, which accounted for 35 per cent of global natural disaster losses. Four of the top 10 costliest events were flood-related, including a major late-spring flood event that inundated central Europe and caused upwards of $22 billion in damages.”

The report said preliminary data indicated 2013 was the fourth warmest year since land and ocean temperature records began to be recorded in 1880.

A natural disaster is defined as an event which causes one or more of the following: economic loss of $50 million (£30 million), insured loss of $25 million (£15 million), 10 fatalities, 50 injured or 2,000 homes or structures damaged.

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