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A study by the United Nations International Strategy for Disaster Risk Reduction has revealed that the cost of natural catastrophes has reached $2.5 trillion since 2000, significantly exceeding previous forecasts, Agence France-Presse reported.
The study's author, Andrew Maskrey, warned that businesses outsourcing to disaster-prone regions without sufficient precautionary measures could face unexpected costs if a catastrophe strikes. Mr. Maskrey also said that companies must avoid leaving all the thinking to insurers as insurance is not a complete solution.