10 biggest disasters up to 2010

The insurance industry took a look in the fall of 2010 and came up with the following list of the top 10 disasters:

1. 9/11 – 2001
2. SARS – 2003
3. 2003 U.S./Canada power outage
4. 2004 Indian Ocean earthquake and tsunami
5. Hurricanes Katrina, Rita and Wilma – 2005
6. Financial crisis – 2008
7. China earthquake – 2008
8. H1N1 pandemic – 2009
9. Iceland volcano – 2010
10. Floods in Europe and Pakistan – 2010

Of course the March 2011 earthquake and tsunami in Japan will end up on the 2011 list but as yet the limit of the devastation is not known. Catastrophe comes on a regular basis. Business was affected by each of these changes whether it was strictly an awareness of the situation or an impact on day-to-day operations.

Insurance is there for the unexpected and possibly catastrophic losses that can occur. Be sure that you know what you have for business insurance. Talk to your agent or broker. Ask questions and get the help you need to take control of your insurance.

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