Disaster Risk Reduction: The Insurance That Always Pays Off
Photo #36503 17 June 2025, 08:15

NEW YORK, Jun 16 (IPS) - Floods, earthquakes, and droughts are striking the wallets of the world harder than any other time in history. According to the Global Assessment Report on Disaster Risk Reduction, the cost of disasters is only growing, with annual expenditures exceeding $2.3 trillion; accounting for over 2% of global GDP, and if represented as a nation, it would have the seventh largest GDP.

Read the full story, “Disaster Risk Reduction: The Insurance That Always Pays Off”, on globalissues.org


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