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Nat cats could cost Caribbean 9% of GDP
19 August 2010
Climate change could increase the risk of hurricanes and storms in the Caribbean and threaten future development in the region, according to a new study released by the Caribbean Catastrophe Risk Insurance Facility
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Caribbean Catastrophe Risk Insurance Facility
CCRIF
Swiss Re
Climate change could increase the risk of hurricanes and storms in the Caribbean and threaten future development in the region, according to a new study released by the Caribbean Catastrophe Risk Insurance Facility (CCRIF).
Damage from wind, storm surge and inland flooding already amounts to 6% of GDP per year in some countries, according to the study’s preliminary results. With climate change, annual expected losses could rise by another 1% to 3% of GDP...
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