Economic losses from 1990 to 1999 were 14 times higher than from 1950 to 1959. The rate of economic loss fell 20.2 percent from the last decade to the current one but is still 12 times higher than in the 1950s. The recent decline is probably an anomaly and is likely to disappear if we include man-made catastrophe events, such as terrorism.
September 21st, 2009
Posted at 12:57 AM ET
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