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The Haiti earthquake and floods in Pakistan and China helped make 2010 an exceptional year for natural disasters, killing 295,000 and costing $130 billion, the world's top reinsurer said Monday. "The high number of weather-related natural catastrophes and record temperatures both globally and in different regions of the world provide further indications of advancing climate change," said Munich Re in a report.
A total of 950 natural disasters were recorded last year, making 2010 the second worst year since 1980. The average number of events over the past 10 years was 785.
And in terms of economic cost, insured losses amounted to approximately $37 billion, putting 2010 among the six most loss-intensive years for the insurance industry since 1980.
"2010 showed the major risks we have to cope with. There were a number of severe earthquakes. The hurricane season was also eventful," said Torsten Jeworrek, the firm's chief executive.
The earthquake in Haiti in January was by far the worst disaster in terms of human cost, killing 222,570 people, Munich Re said. Some 56,000 died in a combination of heatwaves and forest fires in Russia, it said.
The other most destructive events were an earthquake in China in April that killed 2,700, floods in PakistanChina in which 1,470 perished between July and September that cost 1,760 lives and August floods in . . Click Here for more info.
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