Global catastrophes since 1900 have caused at least $7 trillion in damage, reported scientists in a new study.
The study examined more than 30,000 natural disasters -- floods, storms, earthquakes, volcanoes, bushfires, drought and others -- then totaled up the damages in 2015 U.S. dollars.
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Rain and flooding caused most of the damage - about 40 percent. Earthquakes caused just over a quarter of the total damages, 19 percent came from storms, drought caused 12 percent, wildfires 2 percent and volcanoes just 1 percent.
Storm risk is increasing, the authors report: "If we just take data from 1960, we see a change in the trend; we see that storms are having a bigger piece of the pie," geophysicist James Daniell told BBC News.
There is some good news. Deaths from natural disasters are declining relative to the population of the planet over time. And most countries are seeing a decreasing risk of damage from natural disasters. China and Japan, the authors note, have seen significant reductions in disaster-related losses since 1950 in particular.
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The researchers told the BBC their modeling work could help more quickly estimate damages, such as this weekend's quake in Ecuador, which is estimated to reach $2 billion.
The paper was presented by researchers from the Karlsruhe Institute of Technology in Germany at the European Geosciences Union meeting.
h/t BBC News