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Natural disasters: Counting the cost of calamities | The Economist

Referenced in Antifragile pg. 470

Such multi-billion-dollar natural disasters are becoming common. Five of the ten costliest, in terms of money rather than lives, were in the past four years see map. Munich Re, a reinsurer, reckons their economic costs were $378 billion last year, breaking the previous record of $262 billion in 2005 in constant 2011 dollars. Besides the Japanese and Thai calamities, New Zealand suffered an earthquake, Australia and China floods, and America a cocktail of hurricanes, tornadoes, wildfires and floods. Barack Obama issued a record 99 “major disaster declarations” in 2011.

via Natural disasters: Counting the cost of calamities | The Economist.

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