Category: Environment

Natural Disasters’ Economic Losses Hit Record High in 2011

In a recent report issued by Munich Re, a reinsurance group in Germany,  2011 was the costliest year in history for natural disasters with $380 billion in economic losses.   Although some believe that global warming will continue to increase both the number and the extent of natural disasters, this report shows that 2011 was more about the geographic location, and less about the cause …

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