They don’t seem to take into account spinoff damage to tourism that would no doubt follow another destruction of Pompeii and the like …
A major eruption of Italy’s Mount Vesuvius could result in 8,000 fatalities, 13,000 serious injuries and total economic losses of more than $24 billion, according to a new study supported by the Willis Research Network (WRN) that puts Vesuvius at the top of the list of Europe’s 10 most dangerous volcanoes.
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Vesuvius poses the greatest risk to life and property, the study found, because it has the highest exposed population (1.7 million people), the highest exposed residential property value (US $66.1 billion), and the greatest potential for a seriously damaging eruption among the top 10 volcanoes. The study noted that more than 87 percent of the aggregated exposed property value for the 10 volcanoes is concentrated in the Neapolitan region near Vesuvius and Campi Flegrei.
via Mount Vesuvius Eruption Could Cause 21,000 Casualties, Economic Losses of $24 Billion – MarketWatch.