“Second-Warmest Year on Record Cost the World $210 Billion”

“The second-warmest year on record brought storms, fires and floods that killed at least 8,200 people and cost the world $210 billion in losses, according to a report by Munich Re.

The insurer is still calculating where 2020 ranks against other calamitous years but said damages last year exceeded those of 2019, which saw $166 billion in losses.

“Natural catastrophe losses in 2020 were significantly higher than the previous year,” Torsten Jeworrek, a member of Munich’s board of management said in the report. “Record numbers for many relevant hazards are a cause for concern, whether we are talking about the severe hurricane season, major wildfires or the series of thunderstorms in the U.S.””

Brian K Sullivan reports for Bloomberg Green January 7, 2021.

SEE ALSO:

“U.S. Disaster Costs Doubled in 2020, Reflecting Costs of Climate Change” (New York Times)