July 11, 2013 – CLIMATE – Floods that caused billions of dollars in losses were the world’s most expensive natural disasters so far this year, with central Europe being hit hardest, re-insurers Munich Re said on Tuesday. Altogether, natural catastrophes — also including earthquakes, tornadoes and heat waves — caused $45 billion in losses in the first half of 2013, well below the 10-year average of $85 billion. Insured losses worldwide totaled about $13 billion, said Munich Re. Inland flooding that affected parts of Europe, Asia, Canada and Australia caused about 47 percent of overall global losses and 45 percent of insured losses, said the leading reinsurance company based in Munich, Germany. The deadliest disaster out of 460 recorded “natural hazard events” worldwide was a series of flash floods in northern India and Nepal that killed more than 1,000 people in June after early and exceptionally heavy monsoon rains. By far the most expensive natural disaster was the river flooding that hit southern and eastern Germany and neighboring countries in May and June, causing more than $16 billion in damage, most of it in Germany. “The frequency of flood events in Germany and central Europe has increased by a factor of two since 1980,” said Munich Re board member Torsten Jeworrek. In some places, 400 liters of rain per square meter fell within a few days. With the ground already saturated from the rainiest spring in half a century, this led to rapid swelling of the Danube and Elbe river systems.

http://news.discovery.com/earth/weather-extreme-events/floods-top-2013-world-disaster-bill-so-far-130710.htm