Viridian Note 00289: The World Is Becoming Uninsurable, RevisitedBruce Sterling [email@example.com]
Entries in the Enron Logo Contest:
This Contest Ends January 12, 2002. Happy New Year
(((See also Notes 00021, 00022, 00023, 00081, 00139)))
"Friday December 28 8:59 AM ET
"Natural Disasters Kill 25,000 Worldwide in 2001 (((Mostly earthquakes. Whew!))) By Jan Dahinten
"FRANKFURT (Reuters) — Natural disasters caused at least
"Putting total economic losses at $36 billion, Munich
Re said catastrophes related to extreme weather were a
result of continued global climate change.
"It said the 2001 figures == with 14,000 people killed
"Storms and floods dominated this year's statistics,
contributing more than two thirds to the 700 major
disasters and causing 91 percent of all insured natural
disaster losses, Munich Re said.
"Total insured losses were at $11.5 billion compared
with $7.5 billion the previous year.
"'Forest fires in Australia, floods in Brazil and in
Turkey, snow chaos in central and southern Europe and a
typhoon in Singapore, which was meteorologically seen as
impossible, are all indications for a link between climate
changes and a rise in weather catastrophes,' the company
said in a statement.
"Citing World Meteorological Organization (WMO)
statistics, the reinsurer said 2001 had been the second
warmest year since the beginning of systematic temperature
recording 160 years ago.
"Munich Re said the worst event in terms of the number
of deaths was an earthquake in the densely-populated
northwestern Gujarat region of India with 14,000 deaths
confirmed and many more feared dead. (((Not all that
"It said it had counted 80 major earthquakes,
burdening economies with around $9-billion losses.
"The worst weather-related disaster in 2001 was tropical storm Allison, which caused losses of some $6 billion, making it 'the most expensive tropical storm in
history.' (((See Notes 00247, 00248, 00251)))
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