Christian Aid said the emerging trend reflects the effects of man-made climate change, adding that the 10 disasters in question also killed at least 1,075 people and displaced 1.3 million.
The most costly disaster in 2021 was Hurricane Ida, which hit the eastern United States and caused about $ 65 billion in damage. After hitting Louisiana in late August, it made its way north and caused widespread flooding in New York City and the surrounding area.
Spectacular and deadly floods in Germany and Belgium in July were next on the list at A $ 60 billion (US $ 43 billion) in losses.
A cold snap and winter storm in Texas that seized the power grid of the big state cost A $ 32 billion (US $ 23 billion), followed by floods in China’s Henan province in July which estimated A $ 24.4 billion cost (US $ 17.6 billion).
Other catastrophes that cost several billion dollars include floods in Canada, a late spring frost in France that damaged vineyards, and a cyclone in India and Bangladesh in May.
Drone images show devastation after Hurricane Ida
Floods in Australia in March 2021 resulted in an account of economic damage of A $ 2.9 billion (US $ 2.1 billion).
The report acknowledged that the evaluation mainly covers disasters in rich countries where infrastructure is better insured and that the financial toll of disasters in poor countries is often unpredictable.
It set the example of South Sudan where floods affected about 800,000 people.
“Some of the most devastating extreme weather events in 2021 have affected poorer nations, which have not contributed much to causing climate change,” the report said in a statement.
In mid-December, the world’s largest reinsurer, Swiss Re, reported natural disasters and extreme weather events that caused about A $ 346 billion (US $ 250 billion) in damage this year.
It said that the total represented a 24 percent increase compared to last year and that the cost to the insurance sector was only the fourth highest since 1970.