In the first half of 2013, according to Swiss Re, natural catastrophes and man-made disasters caused insured losses of $20 billion. Including non-insured losses the January-June total was $56 billion of total economic losses. This is down from 2012’s $77 billion in insured losses and total economic losses of $186 billion. Given the numbers, Crisis Preparedness (Planning, Auditing, and Training) is a small investment.
