{"id":1047,"date":"2021-01-07T13:52:46","date_gmt":"2021-01-07T13:52:46","guid":{"rendered":"https:\/\/dailyrapidnews.com\/eng\/?p=1047"},"modified":"2021-01-07T14:01:17","modified_gmt":"2021-01-07T14:01:17","slug":"natural-disasters-led-to-210-billion-in-damage-in-2020-says-top-insurer","status":"publish","type":"post","link":"https:\/\/dailyrapidnews.com\/eng\/2021\/01\/07\/natural-disasters-led-to-210-billion-in-damage-in-2020-says-top-insurer\/","title":{"rendered":"Natural disasters led to $210 billion in damage in 2020, says top insurer"},"content":{"rendered":"<p class=\"\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-1049\" src=\"https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/01\/natural-disasters-led-to210-billion-in-damage-top-insurer-rapidnews-dailyrapidnews.jpg\" alt=\"natural-disasters-led-to210-billion-in-damage-top-insurer-rapidnews-dailyrapidnews\" width=\"700\" height=\"400\" srcset=\"https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/01\/natural-disasters-led-to210-billion-in-damage-top-insurer-rapidnews-dailyrapidnews.jpg 700w, https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/01\/natural-disasters-led-to210-billion-in-damage-top-insurer-rapidnews-dailyrapidnews-300x171.jpg 300w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p class=\"\">A top insurer said Thursday that natural catastrophes across the globe caused $210 billion in damage in 2020, with the United States especially hard hit by hurricanes and wildfires.<\/p>\n<p>The damage, tallied by the German reinsurer Munich Re, increased from $166 billion in the previous year, and comes as a warming planet heightens risks.<\/p>\n<p>Losses that were insured rose to $82 billion from $57 billion in 2019, Munich Re said. They add to the burden of the coronavirus pandemic that has hit the insurance industry hard.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-1052\" src=\"https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/01\/hurricane-natural-disasters-210-billion-damage-rapidnews-rapid-news-dailyrapidnews.jpg\" alt=\"hurricane-natural-disasters-210-billion-damage-rapidnews-rapid-news-dailyrapidnews\" width=\"640\" height=\"400\" srcset=\"https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/01\/hurricane-natural-disasters-210-billion-damage-rapidnews-rapid-news-dailyrapidnews.jpg 640w, https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/01\/hurricane-natural-disasters-210-billion-damage-rapidnews-rapid-news-dailyrapidnews-300x188.jpg 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/p>\n<p>\u201cClimate change will play an increasing role in all of these hazards,\u201d said Munich Re board member Torsten Jeworrek, pointing to hurricanes, wildfires and other storms.<\/p>\n<p>\u201cIt is time to act,\u201d he said.<\/p>\n<p>The hurricane season was \u201chyperactive\u201d, with a record 30 storms, surpassing 2005\u2019s 28 storms, Munich Re said.<\/p>\n<p>Heat waves and droughts are fuelling wildfires, with $16 billion in damage last year in the US West.<\/p>\n<p class=\"\">Floods in China were the most costly individual loss at $17 billion, but only 2% of the damage was insured.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A top insurer said Thursday that natural catastrophes across the globe caused $210 billion in<\/p>\n","protected":false},"author":1,"featured_media":1048,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-1047","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.4.1 - 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href=\"https:\/\/dailyrapidnews.com\/eng\/category\/uncategorized\/\" rel=\"category tag\">Uncategorized<\/a>","tag_info":"Uncategorized","comment_count":"0","jetpack-related-posts":[{"id":7462,"url":"https:\/\/dailyrapidnews.com\/eng\/2021\/03\/26\/suez-canal-blockage-may-cost-up-to-10-bn-due-to-trade-loss-german-insurer\/","url_meta":{"origin":1047,"position":0},"title":"Suez Canal blockage may cost up to $10 bn due to trade loss: German insurer","date":"March 26, 2021","format":false,"excerpt":"A container ship blocking the Suez Canal could cost global trade $6 billion to $10 billion a week, a study by German insurer Allianz showed on Friday. 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The country imported oil products worth US $7553.912 million during July-March (2020-21) against the imports of $8900.622 million during July-March (2019-20),\u2026","rel":"","context":"In &quot;Business&quot;","img":{"alt_text":"Petroleum-imports-Oil-import-bill-shrinks-by-15.13%-to-$7.553-billion-3-quarters-rapidnews-dailyrapid","src":"https:\/\/i0.wp.com\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/04\/Petroleum-imports-Oil-import-bill-shrinks-by-15.13-to-7.553-billion-3-quarters-rapidnews-dailyrapid.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":14185,"url":"https:\/\/dailyrapidnews.com\/eng\/2022\/04\/08\/oreign-exchange-reserves-have-dropped-9-78-billion\/","url_meta":{"origin":1047,"position":3},"title":"In just seven months, foreign exchange reserves have dropped $9.78 billion","date":"April 8, 2022","format":false,"excerpt":"KARACHI: Due to demand for dollars for import payments and external repayment of government debt, Pakistan's foreign exchange reserves have dropped $9.78 billion in the last seven months.The foreign exchange reserves of Pakistan declined to $17.477 billion in the week ending April 1, 2022, according to data issued by the\u2026","rel":"","context":"In &quot;Business&quot;","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2022\/04\/Forex-reserves-decline-9.78-billion-in-seven-months.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":417,"url":"https:\/\/dailyrapidnews.com\/eng\/2020\/12\/28\/pm-imran-khan-billion-tree-honey-initiative-highly-appreciable-cheng-xizhong\/","url_meta":{"origin":1047,"position":4},"title":"PM Imran Khan Billion Tree Honey Initiative highly appreciable: Cheng Xizhong","date":"December 28, 2020","format":false,"excerpt":"China highly appreciates Prime Minister Imran Khan\u2019s Billion Tree Honey Initiative and believes that China and Pakistan can share experience and technology in agricultural cooperation under the framework of China-Pakistan Economic Corridor (CPEC). Cheng Xizhong, visiting professor at Southwest University of Political Science and Law said while commenting on launch\u2026","rel":"","context":"In &quot;Stories&quot;","img":{"alt_text":"cheng-xizhong-cpec-china-pakistan-honey-bee-dailyrapidnews","src":"https:\/\/i0.wp.com\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2020\/12\/cheng-xizhong-cpec-china-pakistan-honey-bee-dailyrapidnews.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":21816,"url":"https:\/\/dailyrapidnews.com\/eng\/2025\/09\/08\/psx-crosses-historic-155000-points-mark\/","url_meta":{"origin":1047,"position":5},"title":"PSX crosses historic 155,000 points mark","date":"September 8, 2025","format":false,"excerpt":"The Pakistan Stock Market (PSX) has crossed the milestone of 155,000 points, for the first time in its history. According to details surfaced on Monday, on the first day of the business week, the market opened with a gain of 780 points, reflecting a positive and upward trend. Following this,\u2026","rel":"","context":"In &quot;Business&quot;","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2025\/09\/a-19.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/posts\/1047","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/comments?post=1047"}],"version-history":[{"count":3,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/posts\/1047\/revisions"}],"predecessor-version":[{"id":1054,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/posts\/1047\/revisions\/1054"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/media\/1048"}],"wp:attachment":[{"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/media?parent=1047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/categories?post=1047"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/tags?post=1047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}