UN Secretary-General warns: “Economic losses from disasters are out of control” @ UNISDR
The United Nations today issued a stark warning to the world’s business community that economic losses linked to disasters are “out of control” and will continue to escalate unless disaster risk management becomes a core part of business investment strategies.
UN Secretary-General, Ban Ki-moon, said: “We have carried out a thorough review of disaster losses at national level and it is clear that direct losses from floods, earthquakes and drought have been under-estimated by at least 50%. So far this century, direct losses from disasters are in the range of $2.5 trillion. (…)
U.S. Groundwater Losses Between 1900-2008:Enough To Fill Lake Erie Twice: Groundwater depletion in the United States has accelerated over the last decade, according to the U.S. Geological Survey, contributing to both localized problems and global issues, like sea level rise @ Circle of Blue
For Insurers, No Doubts on Climate Change: natural catastrophes across the United States pounded insurers in 2012, generating $35 billion in privately insured property losses, $11 billion more than the average over the last decade @ New York Times