2016 Annual global climate and catastrophe report

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      <subfield code="a">Global natural disasters in 2016 combined to cause economic losses of  SD210 billion, an amount 21 percent above the 16-year average of USD174 billion. The losses were an even more robust 59 percent higher on a median basis (USD132 billion). The economic losses were attributed to 315 separate events, compared to an average of 271. The disasters caused insured losses of USD54 billion, or seven percent above the 16-year mean of USD50 billion and 37 percent higher than the median (USD39 billion). This is the highest insured loss total since 2012, and put an end to a four-year downward trend since the record year in 2011. Notable events during the year included major earthquakes in Japan; Hurricane Matthew in the United States and Caribbean; catastrophic summer flooding in China, Europe, and the United States; several extensive severe weather outbreaks in the United States; major wildfires in Canada and the United States; and drought across parts of Southeast Asia and Africa. The top three perilsflooding, earthquake and severe weathercombined for 70 percent of all economic losses in 2016. While at least 72 percent of catastrophe losses occurred outside of the United States, it still accounted for 56 percent of global insured losses. This highlights the continued protection gap in many areas around the world. </subfield>
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