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Extreme Cost

Extreme Cost

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Published by: The London Free Press on Jan 10, 2012
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01/03/2013

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Devastating earthquakes in Japan and New Zealand, plus a number of extreme weather events, combined to cause over $590

billion in economic losses in 2011 — almost two thirds more than the previous record year. Climate – 139 events Hydrological (flood, landslide) – 303 MAJOR LOSS EVENTS Geological (earthquake, tsunami, volcano) – 74 Storms – 303 OF 2011 U.S., Caribbean,
55 fatalities, total losses of $15B, insured losses of $7B Canada: Wildfires: May U.S.: Storms May Floods: Apr.-May Drought: Oct.-present Wildfires: Apr., Sept.

Extreme cost
Aug. 22-Sept. 2: Hurricane Irene –
France, Germany Switzerland: Winter Storm Joachim Nov. Italy, France, Spain: Floods Nov.

IN MINUTES

News and events — visually OVERALL LOSSES 2011
Hydrological Storms

$72B

$65B

$380B
Geological

$232B

Thailand, Aug.-Nov.:

Climate

Floods – 813 dead, losses $40B, insured $10B Turkey: Earthquake Oct.

$11B

Japan, Mar. 11:

Earthquake, tsunami – Up to 20,000 dead, losses $210B, insured $35-40B

Guatemala, El Salvador: Landslides, floods Oct.

Somalia: Drought Oct. 2010-Oct. Pakistan: Floods Aug.-Sept.

Philippines: Tropical Storm Washi Dec. Australia: Cyclone Yasi Feb. Australia: Flash floods Jan. New Zealand: Earthquake June

U.S. Apr. 22-28: Storms,

tornadoes – 350 dead, losses $15B, insured $7.3B

Brazil: Landslides, flash floods Jan.

New Zealand, Feb. 22:

Earthquake – 181 fatalities, losses $16B, insured $13B

COST OF NATURAL DISASTERS 1980-2011 ($Billion 2011 values)
300 1995: Kobe earthquake 200 Overall losses 100 Insured losses

2008: Sichuan earthquake

MOST COSTLY INSURED DISASTER LOSSES 2011*, $ billion
Storms U.S. (Apr.) 1.4 Storms U.S. (Apr.) 1.5 Storms U.S. (Apr.) 2 Floods Australia (Jan.) 2.3 Hurricane Irene U.S. & others (Aug.) Storms, tornadoes U.S. & others (May) Storms, tornadoes U.S. (Apr.) Floods Tailand (Jul.) Earthquake N.Z. (Feb.) Earthquake, tsnami Japan (Mar.) 2010

2005: Hurricane Katrina, Kashmir earthquake

Total economic losses to society due to disasters, in billion
4.9 6.7 7.3 8-11 12 2010

Total insured losses for the global insurance industry, in billion
2010 $48

$226

$350

2011

$108 2011

35
*Property and business interruption, excluding liability and life insurance losses
SUSAN BATSFORD, GRAPHICS EDITOR, TWITTER @SBATS1; INFOGRAPHIC BY TARA CORRAN/QMI AGENCY

1980

1985

1990

1995

2000

2005

Sources: Graphic News

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