Cost of volcanic eruptions for cities up to $30bn
Saturday, 03 25 2017, Category: Nature, Country: World
Assessing risk of over 500 active volcanoes, Swiss Re’s global volcano model calculated that large cities face total economic losses of as much as $30 billion.
One in seven of the world's largest urban areas are located within a 150km radius of an active volcano and 1 billion people live in this at-risk area, according to Swiss Re’s new volcano model. The 10 most exposed cities include Tokyo, Naples, Manila, Managua and Jakarta.
Source: Intelligent Insurer