Swiss Re

Sun, 2012-12-23 06:00Ben Jervey
Ben Jervey's picture

Swiss Re Tallies Huge Costs of Climate Inaction

The world’s largest insurers are tallying the costs of climate inaction, and the numbers are staggering.

Swiss Re announced recently that total economic losses in 2012 from “natural catastrophes and man-made disasters” – primarily weather events – should reach roughly $140 billion. Over 11,000 lives were lost due to the so-called “natural catastrophes” alone.

According to the Swiss Re report, “Natural and man-made catastrophes in 2012,” the top five insured loss events are all in the U.S.

“Hurricane Sandy is the largest Atlantic hurricane on record in terms of wind span. This record storm surge caused widespread flooding and damage to a densely populated area on the East Coast of the U.S. It also led to the worst power outage caused by a natural catastrophe in the history of the U.S.”

Mon, 2006-07-31 10:35Ross Gelbspan
Ross Gelbspan's picture

Bush Snubs Blair, Top Corporate Leaders, Wrestling with Climate Crisis

White House Plans to Skip High-Profile Talks on Climate

Wall Street Journal, July 31, 2006 One of the higher-profile meetings on climate change is set to bring together this week British Prime Minister Tony Blair, California Gov. Arnold Schwarzenegger and about 25 chief executive officers of major corporations around the world.

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