Cost of natural disasters on the rise in 2008

During the year 2008, 750 natural catastrophes have been reported worldwide. They have claimed the lives of 220 000 people and caused damages estimated at 200 billion USD.

Despite the decrease in the number of cataclysms in comparison with 2007 (950 catastrophes), the damage is heavier and heavier. Climate change and pollution, especially due to the emission of greenhouse gases, are the major causes behind this alarming assessment.

The international community is, therefore, called upon to take part in the 2009 Copenhagen summit to conclude an agreement for the reduction by 50% of the emissions of toxic gases by 2050.

To face this damage, insurers had to pay an amount of 45 billion USD in 2008, that is, a 50% increase in comparison with 2007.

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