According to the Swiss reinsurance company Swiss Reinsurance Co., Global economic losses from natural disasters in 2011 were a record $ 350 billion.
© RIA Novosti, Infographics. Alex Timatkov / Basil Shihachesvsky
The loss of global insurers from natural disasters in 2011 amounted to 108 billion dollars, more than double the previous year — 48 billion. A significant loss of the insurance industry suffered only in 2005, when its total payments amounted to 123 billion dollars.
According to Swiss Re, the biggest insurance losses in 2011 caused a 9.0-magnitude earthquake and subsequent tsunami that occurred in Japan on March 11. The disaster cost the industry $ 35 billion.
The devastation from the earthquake of magnitude 6.3, which occurred in the New Zealand city of Christchurch on February 22, cost insurers $ 12 billion. Losses to insurers from flooding that began in Thailand in July, Swiss Re estimates from eight to 11 billion dollars. Insurance payments for severe storms and tornadoes that hit the southern U.S. in April and May was 7.3 and 6.7 billion respectively.