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Insurers paid out $50bn for natural disaster claims in 2016

‘I put myself in standby mode’: what makes a survivor?

Standing in a cold cell in a former East German secret police prison, Gilbert Furian explains how he approached his imprisonment here in 1985. “I tried to numb myself,” he says. “ thought that if I reacted the way my heart wanted to, I would go crazy. So I put myself in a kind of standby mode.”

Furian was working for a company that produced heating facilities when he was arrested at the age of 40. He recalls the fear he felt as four Stasi agents dressed in plain clothing turned up at his office and took him away. Though they didn’t specify the charge at the time, Furian knew it must be about the interviews he had conducted with punks in East Berlin a few months earlier…

 

Insurers paid out $50bn for natural disaster claims in 2016

Hurricane Matthew, 2016’s third-costliest disaster, hits Jacksonville, Florida, in October. Photograph: Charlie Riedel/AP

Hurricane Matthew, 2016’s third-costliest disaster, hits Jacksonville, Florida, in October. Photograph: Charlie Riedel/AP

Last year saw the highest costs from natural disasters since 2012, with two earthquakes in Japan in April accounting for the heaviest losses, a leading insurer has said.  Losses from natural disasters worldwide totalled $175bn (£142bn) last year, some $50bn of which was covered by insurance, Munich Re said in an annual survey on Wednesday.  The earthquakes on Japan’s southern Kyushu island caused $31bn worth of damage, with $6bn of the costs covered by insurance. Floods in China in June and July caused $20bn in costs, only $300m of which was insured.

The third-costliest disaster was Hurricane Matthew, which hit the Caribbean and the eastern US in October. It incurred losses…

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This entry was posted on 12/01/2017 by in Uncategorized and tagged , , .

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