10/31/2018 6:11:00 AM

Source: Business Insurance

A report by the International Committee of the Red Cross found that natural disasters caused $472 billion Australia ($335 billion) worth of damage across the world in 2017, The West Australian reported. The report found that the Asia-Pacific region accounted for two-fifth of catastrophes worldwide. The report added that 25 natural disasters struck China and 15 disasters hit India out of 335 catastrophes worldwide.