The online Swiss Handelszeitung (Trade News) reports on the world’s second largest reinsurer Swiss Re, and on the losses from natural catastrophes for 2014. Let’s recall that natural catastrophes are supposedly becoming more and more frequent due to the alleged man-made climate worsening from manmade CO2 emissions.
However the Handelszeitung writes that preliminary estimates show that the Swiss reinsurer saw “markedly less damage claims than in previous years” and far less loss of lives. Fortunately this is lots of good news, but the catastrophe-obsessed media are refusing to report it.
Deaths plunge almost 60%!
According to preliminary Swiss Re estimates, total economic losses from natural catastrophes and man-made disasters were USD 113 billion in 2014, down from USD 135 billion in 2013. Out of the total economic losses, insurers covered USD 34 billion in 2014, down 24% from USD 45 billion in 2013.
The 2014 loss amount is way below the annual average of $188 billion dollars for the past 10 years, 1.e. over 41% less.
The Swiss Re press release writes that disaster events have claimed around 11,000 lives this year – down almost a whopping 60% from the 27,000 fatalities in 2013.
“No major hurricane”
The Zurich, Switzerland based reinsurer attributes the reduced damage in part to “the mild hurricane season“. It adds: “No major hurricane made landfall in the US, the ninth year running that this has happened.”
“Very low temperatures and heavy snow”
Moreover, the major losses resulted from cold events. The Swiss Re writes that “2014 started with extreme winter conditions in the US and Japan and, as the year drew to a close, the Northeast US was once again gripped by very low temperatures and heavy snow. The storms in the US at the beginning of 2014 alone caused insured losses of USD 1.7 billion. This is above the average full-year winter storm loss number of USD 1.1 billion of the previous 10 years. In mid-May, a spate of strong storms with large hail stones hit many parts of the US over a five-day period, resulting in insured losses of USD 2.9 billion, the highest of the year.”
Another myth bites the dust.