After Deadly Tornadoes Sweep Through Multiple States, Direct Relief Responds
Insured losses from natural disasters rise by 50%
Global insured losses from wildfires, flooding and other natural disasters increased by 50% last year amid ongoing climate change and urbanisation, Swiss Re has revealed.
The reinsurance company’s latest sigma research, published today, shows that natural catastrophes caused global economic losses of $190bn (£139bn) last year, with the insurance industry covering $81bn. This is up from the $54bn of insured losses recorded in 2019, while manmade disasters cost insurers an additional $8bn, bringing total global insured losses to $89bn in 2020 – the fifth-costliest year on sigma records since 1970.
Secondary perils – which generate small to mid-sized losses – accounted for 71% of natural catastrophe insured losses, resulting mostly from severe convective storms and wildfires in the US and Australia.
Swiss Re explained how there has been a rise in losses from secondary perils in recent years, suggesting that future peak losses could be as high as $300bn, mainly due to population growth, value accumulation in highly-exposed areas and climate change…
How Can Online Educators Face the Future with Resilience?
What educators have confronted and addressed this past year is nothing short of miraculous, having faced an abrupt and transformative shift to online teaching, while coping with the pandemic stress of their students and colleagues. The pandemic overtook our world and the way we teach, and early on, the tendency was to resist that change. We may have looked for every reason to rationalize why teaching in person was superior.
And we yearned for the return to the traditional classroom, naïvely hoping that day would be just around the corner. But those days of online classes soon became weeks, weeks became months, and months eventually became semesters, and we inevitably found ourselves at a crossroads: survive or thrive. Should we drudge through our online classes, anxiously anticipating when the world would revert to “normal”? Or was it worth taking the time to learn, grow, and flourish in an online environment and strive to provide a quality educational experience for our students…