Economic Collapse

In just the past five (5) days, increasing Global Economic Collapse and ‘Distress of Nations’; Very high losses from thunderstorms – The natural disaster figures for the first half of 2020

Revelation 13:16-17 And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.

In just the past five (5) days, increasing Global Economic Collapse and ‘Distress of Nations’; Very high losses from thunderstorms – The natural disaster figures for the first half of 2020

2020/07/23

Reinsurance

Very high losses from severe thunderstorms with tornadoes, flash floods and hail in North America: 8 events with billion-dollar insured losses

Cyclone Amphan in India was the costliest natural disaster of the first half of 2020; only a small proportion of the losses were insured

Climatological conditions will favour an active hurricane season in the North Atlantic and wildfires in California

Overview of natural disaster figures for the first half of 2020

Up to the end of June, natural disasters produced overall losses of around US$ 68bn, a slightly lower figure than the 30-year average (US$ 74bn after adjustment for inflation). Insured losses, at around US$ 27bn, were higher than usual (US$ 20bn) due to the large proportion of weather disaster losses in North America.

North America accounted for 47% of overall losses and for 82% of insured losses, significantly more than the respective long-term averages (35% and 60%). In contrast, natural disasters in Europe and the Asia-Pacific region produced lower losses.

A total of 2,900 people lost their lives in natural disasters in the first half of the year, much lower than the average figures for both the last 30 years and the last 10 years. 

Southeastern USA hit by series of severe tornadoes

One of the largest severe thunderstorm outbreaks in 2020 occurred over the Easter weekend, when a strong frontal system over the Southeastern United States spawned dozens of tornadic thunderstorms and produced hailstones the size of tennis balls. A total of 140 tornadoes in 10 states were recorded, of which 3 reached EF4 intensity, the second-highest rating, with winds up to 300 km/h (186 mph). Countless homes were completely destroyed, and cars and buses were tossed into the air.

The strongest tornado in Mississippi’s history was recorded during this outbreak. Its funnel was more than three and a half kilometres (2.25 miles) across at its widest point, and the twister stayed on the ground for almost 100 km (62 miles) before dissipating. Its path of destruction could be seen in satellite images, though fortunately the storm missed major population centers in the area. In total, the severe storms resulting from this outbreak caused overall losses of US$ 3.4bn, of which US$ 2.6bn was insured and 38 people lost their lives.

Another severe event occurred on 14 June in the city of Calgary in the Canadian Province of Alberta, when a hailstorm with stones also the size of tennis balls came crashing down as it passed over the city. Countless houses and cars were badly damaged, and many roads suffered flash flooding caused by torrential rainfall as the storm drains were blocked by hailstones. Some vehicles were almost completely submerged, and some drivers had to be rescued from the sudden raging waters around them. Overall losses came to some US$ 1.2bn, of which around 75% was insured. It was the highest loss from a thunderstorm in Canada’s history.

In total, severe thunderstorms in North America were responsible for US$ 27bn of overall losses and for US$ 20bn of insured losses in the first half of the year.

Ernst Rauch, Chief Climate and Geo Scientist at Munich Re, expressed his concern: “While we cannot attribute individual events to climate change, the trend in our data clearly shows that losses from severe thunderstorms, particularly in North America, are on the rise, largely as a result of population and exposure growth in suburban and exurban regions as well as increased property values and poor construction practices. A contribution of climate change is also seen likely because higher temperatures and greater humidity favour the development of weather patterns like these. Even in these times of global pandemic, we should not forget that climate change is also a risk with systemic elements.”

Super-cyclone Amphan and floods in China caused severe overall losses

The worst natural catastrophes occurred in Asia: In May, Cyclone Amphan caused extreme losses in India and Bangladesh. At times, Amphan was a so-called super cyclone – the highest category – with wind speeds of up to 260 km/h. When making landfall in West Bengal on the border with Bangladesh, the storm reached wind speeds of around 150 km/h. The high wind speeds, extreme precipitation and a metre-high storm surge caused extensive damage. Thousands of houses were destroyed, and millions of people were left without electricity. Some 135 people died and several million people were able to be evacuated. The evacuations were made all the more difficult by the corona pandemic, as fewer people were able to enter the shelters due to social distancing restrictions.

With total losses of around US$ 11.5bn, Amphan was one of the most expensive cyclones in the North Indian Ocean. The insured loss has not yet been determined, but is likely to account for a relatively small proportion of overall losses.

In China, heavy monsoon rainfall from June onwards led to severe river flooding of hundreds of rivers in many parts of the country. More than 100 people lost their lives. It is not yet possible to make a reliable estimate of the damage as the floods continued into July. According to initial estimates, however, the minimum total losses will be in the high single-digit billion range.

Winter storm Ciara (known as Sabine in Germany) was the costliest natural disaster in Europe. With winds of up to 200 km/h, it affected large parts of Europe in early February. Tens of thousands of people found themselves without electricity, and thousands of flights and major events, such as football matches, were cancelled. Although it was only a medium-strength winter storm, Ciara impacted a large swath of central Europe and produced a relatively high overall loss of US$ 1.8bn (€1.6bn), of which US$ 1.2bn (€1.1bn) was insured.

Record bushfires in Australia

Bushfires in Australia in the 2019/2020 summer season produced unprecedented losses. Fuelled by an exceptionally severe drought and high temperatures, the annual bushfire season began much earlier than usual. Many fires flared out of control and burned for a very long time, close to holiday resorts and population centres along the southeast coast of the continent. Although bushfire risk was elevated due to natural climate oscillations during the southern hemisphere summer of 2019/2020, a number of studies suggest that climate change is also making bushfires in Australia more likely in the long term. The fire season also produced record loss amounts: overall losses came to around US$ 2bn, of which US$ 1.6bn was insured due to the high proportion of fire insurance cover for buildings.

Above-average hurricane season possible in the second half of the year

The naturally occurring climate cycle known as the El Niño-Southern Oscillation (ENSO) will likely be an influential factor in the North Atlantic hurricane activity in the second half of the year. In the main months of the hurricane season (August–October), “La Niña” conditions are forecast to develop, which can promote the development and intensification of tropical cyclones over the tropical Atlantic. Even the wildfire season in California, particularly in the northern section of the state, could be more extreme this year, as La Niña-type conditions typically create unusually dry conditions across the region in autumn, delaying the usual winter rains.

“Of course, here we are only talking about shifts in probabilities with regard to La Niña’s potential impacts this year,” says Mark Bove, Natural Catastrophe Solutions Manager at Munich Re America. “There is always the chance of a benign wildfire and/or hurricane season. But since background conditions indicate the potential for a more active wildfire season in California and elevated hurricane activity in the Atlantic, it is more important than ever to be well prepared to protect vulnerable populations, especially given the current pandemic situation.”

In His Service,

Night Watchman

Paul Rolland

Night Watchman Ministries

Make Your Decision for Christ NOW!!!!!!! Time is Up!!!!!!!

Jesus Christ’s Offer of Salvation:

The ABCs of Salvation through Jesus Christ (the Lamb)

A. Admit/Acknowledge/Accept that you are sinner. Ask God’s forgiveness and repent of your sins.

. . . “For all have sinned, and come short of the glory of God.” (Romans 3:23).

. . . “As it is written, There is none righteous, no, not one.” (Romans 3:10).

. . . “If we say that we have no sin, we deceive ourselves, and the truth is not in us.” (1 John 1:8).

B. Believe Jesus is Lord. Believe that Jesus Christ is who He claimed to be; that He was both fully God and fully man and that we are saved through His death, burial, and resurrection. Put your trust in Him as your only hope of salvation. Become a son or daughter of God by receiving Christ.

. . . “That whosoever believeth in him should not perish, but have eternal life. For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life. For God sent not his son into the world to condemn the world; but that the world through him might be saved. (John 3:15-17). For whosoever shall call upon the name of the Lord shall be saved.” (Romans 10:13).

C. Call upon His name, Confess with your heart and with your lips that Jesus is your Lord and Savior.

. . . “That if thou shalt confess with thy mouth the Lord Jesus, and shalt believe in thine heart that God hath raised him from the dead, thou shalt be saved. For with the heart man believeth unto righteousness; and with the mouth confession is made unto salvation.” (Romans 10:9-10).

. . . “If we say that we have no sin, we deceive ourselves, and the truth is not in us. If we confess our sins, he is faithful and just to forgive us our sins, and to cleanse us from all unrighteousness. If we say that we have not sinned, we make him a liar, and his word is not in us.” (John 1:8-10).

. . . “And he is the propitiation for our sins: and not for ours only, but also for the sins of the whole world. (John 2:2).

. . . “In this was manifested the love of god toward us, because that God sent his only begotten Son into the world, that we might live through him. And we have seen and do testify that the Father sent the Son to be the Saviour of the world. Whosoever shall confess that Jesus is the Son of God, God dwelleth in him, and he in God.” (1 John 4:9, 14-15).

. . . “But God commendeth his love toward us, in that, while we were yet sinners, Christ died for us. Much more then, being now justified by his blood, we shall be saved from wrath through him. For if, when we were enemies, we were reconciled to God by the death of his Son, much more, being reconciled, we shall be saved by his life.” (Romans 5:8-10).

. . . “For the wages of sin is death; but the gift of God is eternal life through Jesus Christ our Lord.” (Romans 6:23).

. . . “Jesus saith unto them, I am the way, the truth, and the life, no man cometh unto the Father, but by me.” (John 14:6).

. . . “For I am not ashamed of the gospel of Christ: for it is the power of God unto salvation to everyone that believeth.” (Romans 1:16).

. . . “Neither is there salvation in any other: for there is none other name under heaven given among men, whereby we must be saved.” (Acts: 4:12).

. . . “Who will have all men to be saved, and to come unto the knowledge of the truth for there is one God, and one mediator between God and men, the man Christ Jesus.” (1 Timothy 2:4-6).

. . . “For God did not appoint us to suffer wrath but to receive salvation through our Lord Jesus Christ.” (1 Thessalonians 5:9).

. . . “But as many as received him, to them gave the power to become the sons of God, even to them that believe on his name.” (John 1:12).

True Church / Bride of Christ Spared from God’s Wrath:

 Romans 5:8-10. “But God commendeth his love toward us, in that, while we were yet sinners, Christ died for us. Much more then, being now justified by his blood, we shall be saved from wrath through him. For if, when we were enemies, we were reconciled to God by the death of his Son, much more, being reconciled, we shall be saved by his life.”

Romans 12:19Dearly beloved, avenge not yourselves, but rather give place unto wrath: for it is written, Vengeance is mine; I will repay, saith the Lord.

1 Thessalonians 1:10. And to wait for his Son from heaven, whom he raised from the dead, even Jesus, which delivered us from the wrath to come.

1 Thessalonians 5:9. For God hath not appointed us to wrath, but to obtain salvation by our Lord Jesus Christ,

Romans 8:35. Who shall separate us from the love of Christ? shall tribulation, or distress, or persecution, or famine, or nakedness, or peril, or sword?

Jeremiah 30:7. Alas! for that day is great, so that none is like it: it is even the time of Jacob’s trouble, but he shall be saved out of it.

Revelation 3:10 Because thou hast kept the word of my patience, I also will keep thee from the hour of temptation, which shall come upon all the world, to try them that dwell upon the earth.

Categories: Economic Collapse

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