Natural Disasters Cost $ 68 Billion in the First Half of 2020

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Global damage from natural disasters was $ 68 billion in the first half of this year. This is reported by the German reinsurer Munich Re.

 

Heavy storms, tornadoes, hailstorms, and floods in North America, in particular, caused costly losses.

Munich Re said the natural violence in North America accounted for $ 27 billion in damage. Heavy cyclone Amphan also caused extensive destruction in India and Bangladesh, with a cost of $ 11.5 billion.

The most expensive natural disaster in Europe was the winter storm Ciara with a $ 1.8 billion loss. The significant wildfires in Australia accounted for $ 2 billion.

All in all, 2,900 people died in natural disasters in the first half of this year.

According to Munich Re, about $ 27 billion of damage caused by natural disasters is insured.

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