Natural Disasters to Cost World $450Bln Per Year - Reports

NAMPA / Sputnik

2026-09-01

MOSCOW, September 1 (RIA Novosti) - The annual global damage from natural disasters is estimated at around $450 billion, the Financial Times reported on Tuesday, citing data from Verisk, a US-based data analytics and risk assessment firm. The rising cost reflects the growing impact of climate change and urban expansion, which have put more property at risk, the newspaper reported. According to the company's research, up to 62% of global disaster......

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