The cost of natural disasters in the last 6 months was 194 billion dollars

In the first half of this year, London-based insurance and risk management company Aon released its top data on economic losses from natural disasters around the world.

Thus, the economic losses caused by global natural disasters in the January-June period amounted to 194 billion dollars. This figure is well above the average of $128 billion in economic losses that covers the first half of every year in the 21st century. Last year, natural disasters in the world caused an economic loss of 143 billion dollars in a period of 6 months.

Economic losses in the first half of this year were the fifth highest of all time and the highest since 2011.

This cost already corresponds to 60 percent of the total annual average cost worldwide.

In this period, economic losses caused by natural disasters in the world and covered by insurance amounted to 53 billion dollars, 46 percent above the annual average.

EFFECT OF THE EARTHQUAKE CENTERED IN KAHRAMANMARAŞ

91 billion USD of the economic loss caused by natural disasters in the world in the first half of this year was the losses caused by the Kahramanmaraş-centered earthquakes that occurred on February 6 in Turkey and Syria, which was affected by the earthquakes.

According to Aon data, insurance covered $5.6 billion of these losses.

While the economic costs caused by natural disasters in Europe, the Middle East and Africa, including the earthquakes in Turkey and Syria, totaled $111 billion in this period, this amount exceeded average losses of $71 billion in the 1990s.

STORMS IN THE US CAUSED LOSSES OF 35 BILLION DOLLARS

Severe storms in the US during the 6-month period this year accounted for $35 billion of the total losses covered by insurance.

Severe storms in the United States during this period caused economic losses in at least 13 separate incidents, each worth more than $1 billion.

DROUGHT LOSSES ARE HIGH

The drought that affected Brazil, Argentina and Uruguay was $9.9 billion, and the Emilia-Romagna flood in Italy was among the top 3 natural disasters with the largest loss at $9.7 billion.

The drought, which was felt in Spain, caused an economic loss of 5.6 dollars in the first half of this year.

In addition, cyclones and floods in the first half of the year in New Zealand, wildfires in Canada, and ongoing extreme heat waves were also highlighted as major natural disasters causing heavy economic losses.

Michal Lörinc, Aon’s Head of Disaster Observation, commented on the findings, stating that although societies in all regions of the world face disaster risks, only 27 percent of losses in the first half of this year were insured. he used the phrase. (AA)