Financial losses from natural disasters have increased in recent decades. Thishas been attributed mainly to population and economic growth in disaster-prone areas.Future losses from natural disasters are expected to increase further, mainly due to the continued increase in economic exposure and climate change.This highlights the importance of designing policies that can mitigate theeffects of these disasters on the economy and society. A rapidly expanding literaturehas assessed the direct (for example property damage) and indirect (for exampleincreased gross domestic product, trade) economic impacts of natural disasters.The aim of the thesis is to present the environmental disasters that create highcosts for the states, what these disasters are due to, what is their connection withfinance and ways to deal with this crisis.