Cost of global disasters jumps to $306bn in 2017

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Despite the rise in financial loss from disasters, the number of people who died or went missing in disasters remained similar to 2016

Global disasters in 2017 cost homes and businesses a staggering $306bn (£229bn), according to a new study.

Ves 2bLosses made this year from both natural and man-made catastrophes represent a 63 per cent jump compared to last year.

The US saw its most damaging hurricane season since 2005, hit hardest with Hurricane HarveyIrma and Maria across the south coast and the…

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