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30/12/2008Natural disasters killed over 220,000 in 2008, says reinsurer

Although the number of natural disasters was lower than in 2007, the catastrophes that occurred proved to be more destructive in terms of the number of victims and the financial cost of the damage caused.

Berlin -- Natural disasters killed over 220,000 people in 2008, making it one of the most devastating years on record and underlining the need for a global climate deal, the world's number two reinsurer said.

Although the number of natural disasters was lower than in 2007, the catastrophes that occurred proved to be more destructive in terms of the number of victims and the financial cost of the damage caused, Germany-based Munich Re said in its annual assessment.

"This continues the long-term trend we have been observing. Climate change has already started and is very probably contributing to increasingly frequent weather extremes and ensuing natural catastrophes," Munich Re board member Torsten Jeworrek said.

Most devastating in terms of human fatalities was Cyclone Nargis, which lashed Myanmar on May 2-3 to kill more than 135,000 people and leave more than one million homeless.

Just days later an earthquake shook China's Sichuan province, leaving 70,000 dead, 18,000 missing and almost five million homeless, according to official figures, Munich Re said.

Around 1,000 people died in a severe cold snap in January in Afghanistan, Kyrgystan and Tajikistan, while 635 perished in August and September in floods in India, Nepal and Bangladesh.

Typhoon Fengshen killed 557 people in China and the Philippines in June, while earthquakes in Pakistan in October left 300 dead.

Six tropical cyclones also slammed into the southern United States, including Ike which, with insured losses of 10 billion dollars, was the industry's costliest catastrophe of the year.

In Europe, an intense low-pressure system called Emma caused two billion dollars worth of damage in March, while a storm dubbed Hilal in late May and early June left 1.1 billion dollars' worth.

The earthquake in Sichuan province was the most expensive overall single catastrophe of 2008, causing around 85 billion dollars worth of damage, helping to make the year the third most expensive on record, Munich Re said.




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