Floods Most Frequent Natural Hazard

In a UN 20-year review of the economic losses from climate-related disasters, floods were found to be the most frequent natural disaster followed by storms. The report found that there has also been a significant increase of 151% in direct economic losses due to climate-related disasters. Floods were found to affect the largest number of people of any disaster, affecting two billion people globally. The report also came to the conclusion that the economic losses from extreme weather events are unsustainable and are preventing progress in reducing poverty in the hardest-hit locations around the world. It also revealed that economic loss data is an important tool for understanding how to reduce economic losses and manage disaster risk and as a result there should be a greater investment into harvesting this data (read more here).