March 12, 2008	Wednesday	Rabi-ul-Awwal 3, 1429

ZURICH, March 11: Natural and man-made disasters killed 20,000 people in 2007 and cost the world economy more than $70 billion, reinsurer Swiss Re said on Tuesday.

The world was hit by 142 natural catastrophes and 192 man-made disasters in 2007, the company said in a report, with most deaths in Bangladesh, India, China and Pakistan as a result of heavy flooding and cyclones, the report said.

The statistics “confirm a trend towards an increase in the number — and cost — of natural catastrophes and man-made disasters,” Swiss Re said.

Industrial fires, explosions and aviation and spacecraft losses topped the list of man-made disasters, which in total claimed 6,900 lives in 2007. “Shipping and boating accidents as well as bombings and social unrest caused the most casualties,” the report said.

Europe was unusually hard-hit by natural disasters in 2007, with insured property losses amounting to around $11 billion after both winter storm Kyrill, which hit much of northern Europe, and summer flooding in Britain.

Total insured property losses amounted to more than $23 billion. —AFP