Experts have said, extreme weather has always posed one of the biggest risks to the global economy, with some of world's largest cities in danger of being caught off-guard. In a recent Global Risks report for 2014, the World Economic Forum (WEF) ranked extreme weather events like floods, storms and fires at six in its top 10. This comes after "exceptionally high losses" from weather-related catastrophes in 2013, according to European reinsurer Munich Re. One of the strongest cyclones in history, Supertyphoon Haiyan, in the Philippines, topped global losses at $125 billion for the year. Although volatile weather conditions can hit anywhere in the world, it is the risk posed to the world's cities that has analysts, experts, and everyone most worried.
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