Natural disaster costs rising on back of climate change: reinsurer
ABC News, Dec 30, 2008
One of the world's biggest re-insurance companies, Munich RE, says this year has been among the worst for losses from natural disasters.
While it says there were fewer disasters than last year, their impact was greater - in both human and material terms.
The material losses from events such as the earthquake in China and Cyclone Nargis in Burma totalled $290 billion.
Munich RE says climate change is boosting the destructive power of natural disasters.
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