AB floods rank third in losses from 2013 world disasters
Posted March 31, 2014 7:56 am.
This article is more than 5 years old.
CALGARY (NEWS1130) – Southern Alberta’s flood has ranked third in a list of insured losses from disasters around the globe in 2013.
The study from Switzerland’s Swiss Re Group pegs economic losses from natural and man-made catastrophes last year at $140-billion US.
The report says losses from last June’s flood were around $4.7-billion, $1.9-billion of that covered by insurance.
Europe’s flood was the costliest disaster of 2013 with economic losses estimated at $16.5-billion.
The group warns action must be taken to reduce greenhouse gas emissions and mitigate against future severe extreme weather or these numbers will continue to skyrocket.
