2019 Thus Far: Flooding and Extreme Weather Account for Deadliest and Costliest Disasters
First the good news: global losses from natural disaster and the number of destructive events for the first half of 2019 are below the average. Now the bad news: these events are still projected to cost at least $73 billion, and the year’s not done yet.
The Global Catastrophe Recap of the first half of 2019 details the major disasters of the year so far and their costs. So far there have been at least 163 natural disaster events, including small- to medium-size events in Europe, the Middle East and Africa (50 recorded), Asia-Pacific (45), the U.S. (37) and the Americas (20).
Natural disasters claimed approximately 3,800 lives to date in 2019 – significantly below the long-term average of 37,400 and the median of 8,500 for this point in the year, with the deadliest events being tropical cyclones and flooding. Overwhelmingly, flooding and severe weather represented the primary economic losses.
There were at least 17 billion-dollar events this year, all of which were weather-related except for the earthquake in Sichuan Province, China, in June. Other events include:
Click here for the complete report (registration required).