NU Online News Service, Dec. 1, 12:19 p.m. EST
Aggregate losses from weather-related natural catastrophes since 1980 now total $1.6 trillion and insured losses are increasing an average of 11 percent per year, Munich Re said in a press report.
As of the end of September, 2010 is gearing up to be the warmest year since records began 130 years ago, according to the report, "Weather Extremes, Climate Change, Cancun 2010," released as the 16th World Climate Summit gets underway in Cancun, Mexico.
Munich Re said in its report that climate change is a fact and is almost entirely made by man. Munich Re said it has been analyzing natural hazards and natural hazard losses for more than 35 years, and has set up a comprehensive natural catastrophe database--currently comprising more than 28,000 events.
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