The cost of natural disasters has risen higher than expected: $2.5 trillion in the past 13 years, a UN International Strategy for Disaster Risk Reduction report said Wednesday, urging companies to face up to the risks, reports AFP.
"If you add in all the nationally-reported disasters, which don't get into the international media and the international databases, our impression is that losses are about 50 percent higher than is currently being reported, and losses are going up rapidly," Andrew Maskrey, author of the UNISDR's latest Global Assessment Report said.
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