Natural disasters cause $210 billion in damage in 2020, insurer says
Natural catastrophes around the world resulted in $210 billion in damage in 2020, with the United States especially hard hit by hurricanes and wildfires, a top insurer said on Thursday.
The damage, tallied by the German reinsurer Munich Re , increased from $166 billion in the previous year, and comes as a warming planet heightens risks. Losses that were insured rose to $82 billion from $57 billion in 2019, Munich Re said. They add to the burden of the coronavirus pandemic that has hit the insurance industry hard.
“Climate change will play an increasing role in all of these hazards,” said Munich Re board member Torsten Jeworrek, pointing to hurricanes, wildfires and other storms. “It is time to act,” he said. The hurricane season was “hyperactive”, with a record 30 storms, surpassing 2005’s 28 storms, Munich Re said.
Heat waves and droughts are fuelling wildfires, with $16 billion in damage last year in the U.S. West. Floods in China were the most costly individual loss at $17 billion, but only 2% of the damage was insured…
How high is your household food resilience?
Remember how people rushed to supermarkets island-wide to stock up on food when Singapore entered the state of Dorscon Orange and, subsequently, the circuit breaker?
Such incidences of panic food buying in Singapore, and also around the world, are an indicator of what is known as “low household food resilience”, says Dr Johannah Soo, a Food and Consumer Sciences (FCS) lecturer at the National Institute of Education, Nanyang Technological University, Singapore (NIE NTU, Singapore).
She adds that the concept of food resilience looks at how well communities and families adapt to food availability, and how they cope with food crises and uncertainties related to global food supply…
6 practices to support organizational resiliency and physician well-being
Authors of the discussion paper published on the National Academy of Medicine website, Organizational Evidence-Based and Promising Practices for Improving Clinician Well-Being, share systemic approaches that focus on fixing the workplace rather than “fixing the worker.” This can improve well-being and resiliency of the organization.
“A resilient organization, or one that has matched job demands with job resources for its workers and that has created a culture of connection, transparency, and improvement, is better positioned to achieve organizational objectives during ordinary times and also to weather challenges during times of crisis,” says the discussion paper.
The authors—including AMA Vice President of Professional Satisfaction Christine A. Sinsky, MD, who is a general internist—broke the approaches into six domains of organizational evidence-based practices. Here we look at the different domains, and how they support resiliency and improve well-being…