We fear for human and material losses.

BBC: Colombia's indigenous peoples face uncertain future

In this important mortgage-backed securities case, attorneys for the New Jersey Carpenters Vacation Fund allege that misstatements and omissions regarding residential mortgage loans in offering documents relied upon by buyers of certain mortgage-backed securities resulted in material losses.

FORBES: Banking Giant Sidesteps Class Action Suit

Helping resolve aspects related to planning and organization of prevention, emergency management, and sharp water course rising, with the ultimate goal of reducing human life losses, material damages and the ensuing social and economic disturbances.

UNESCO: Floods

For something that significant and material, the code should specifically state that losses will be limited in this fashion, but it does not.

FORBES: IRS Should Fix Net Investment Tax Proposed Regulations

That means the financial damage to Lloyd's from this coincidence of horrific disasters is limited, with no material impact on the capital it holds to absorb losses.

BBC: A lesson for the banks

Plenty of reports from respected institutions find that FTT material reduces GDP, and it leads to hundreds of thousands of job losses.

FORBES: While Europe Slides, Germany Plays Hardball On Financial Transaction Tax

Besides the tragically high human and material cost, the latest deluge harbors another sad aspect: much of the losses could have been prevented.

CNN: FIGHTING FLOODS

Fraud was a material part of the mortgage collapse, a big factor in commercial property and loan losses and a component in investment banking and private-equity losses that did more damage than acknowledged.

ECONOMIST: Letters