INSURANCE claims in the disaster-hit southern Cape reveal that more than 80 percent of losses from extreme weather events since 1996 have occurred in the last five years, a study has shown.
The study, commissioned by Santam and conducted by the WWF, UCT and Council for Scientific and Industrial Research, focused on the Eden District which has been hit hard recently by floods, droughts, fires and sea storms.
Between 2003 and 2008 the Western Cape experienced eight severe storms which caused damage worth R2.5 billion. More than 70 percent of the damage was in the Eden District. This increase was reflected in global insurance claims. In the first nine months of 2011 …
No comments:
Post a Comment