The regularity and costs of natural and human made disasters has only grown in the 21st century. Disasters come with economic and human costs. While human costs in the terms of lives lost, number of people injured or affected are difficult to calculate, fact remains that this has a bearing even in terms of economic costs. As economic costs have now exceeded the abilities of insurance companies, individual homeowners, businesses and communities to pay, humankind now grapples with how to bear the costs. While natural and humanmade disasters affect lives alike, the sad reality is that the poorest countries on the planet will be first hit by the climate crisis. In the last decade alone, poor countries like Myanmar, Honduras, Nicaragua, Thailand and Bangladesh have been most battered by the climate storm. The top five greenhouse gas emitting countries have collectively caused about $ 6 trillion in global economic losses between 1990 and 2014, and the losses have been felt disparately.