Debbie Loughridge's damaged home and car are seen among debris in Naplate, Ill., Wednesday, March 1, 2017. Loughridge and her son rode out the storm in the bathtub. "All I heard was the wind and the breaking glass. Like an explosion of glass," she said. In the small community of Naplate, next to Ottawa, about a quarter of the roughly 200 homes were damaged, Fire Chief John Nevins said. (AP Photo/Teresa Crawford)

(Bloomberg) – Global natural disasters cost $520 billion of consumption loss annually, 60 percent larger than asset losses that are commonly reported, the World Bank said in a report.

The estimate is based on the impact of disasters such as floods, windstorms, earthquakes, and tsunamis on people’s well-being, measured by the decline in their consumption, Stephane Hallegatte, one of the authors of the report which was released on Wednesday, said in an email.

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