Report: July Flooding in China Causes $8.3B in Economic Losses
Flooding caused more than $8.3 billion in economic losses across China during July, while the worst drought in decades worsened across much of the United States, according to the latest edition of the...
View ArticleAsia Facing $8B Economic Loss Due to September Flooding: Aon Report
Of the more than $7.5 billion in economic losses recorded in Asia, China sustained much of that loss as two separate flood events affected several provinces, according to the latest edition of Aon...
View ArticleUK Flood Insurance Losses Hit Five Year High: Aon Report
The recent flooding the United Kingdom experienced last month, which killed at least four people and damaged more than 1,100 homes, raised flood insurance losses there to around $1.6 billion for 2012,...
View ArticlePhilippines Super Typhoon Bopha Causes Close to $950M in Damage
The December Global Catastrophe Recap report by Impact Forecasting reveals that Super Typhoon Bopha damaged or destroyed more than 216,000 homes in 34 provinces including Davao Oriental and Compostela...
View ArticleStates Declare Emergency as Winter Storms Herald $100M Economic Loss: Report
At least four separate winter storms impacted the United States in February. The most deadly was a powerful Nor’easter which killed at least 15 people and affected more than 60 million citizens. A...
View ArticleInsurers Face up to $4B Payout From May Storm Damage: Aon
The United States were impacted by several severe windstorm events during the month of May, including Moore, Okla., where a catastrophic EF-5 tornado killed 24 people, injured 387 others, and damaged...
View ArticleFlood Damage in Central Europe Causes $22B in Economic Loss: Aon
Major flooding continued across Central Europe during the first half of the month, killing at least 23 people and resulting in combined economic losses of up to $22 billion, and insured losses...
View ArticleMultiple Billion-Dollar Flood Events Highlight Active August for Natural...
Billion-dollar flood losses were recorded in China, Russia, Philippines and Pakistan during August, causing an initial combined estimate of $10 billion in economic losses, according to Impact...
View Article$15B Global Economic Toll Due to September Natural Disasters
September was an active month for natural disaster around the globe, according to Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield. Aon Benfield, the global...
View ArticleHail Causes Significant Damage According to June Aon Global Cat Report
The Global Catastrophe Recap report for June from Aon Benfield’s Impact Forecasting highlights the outbreak of severe thunderstorms that affected Western and Central Europe during the first half of the...
View ArticleRammasun Costliest Weather Event of 2014, Causes $6.5B in Losses
The latest edition of the monthly Global Catastrophe Recap, released by Impact Forecasting, report reveals that Super Typhoon Rammasun caused more than $6.5 billion in economic damage. The storm, which...
View ArticleAon: California Wildfire Claims Reach $1B as Peak Season Begins
The U.S. economy has sustained $2 billion in wildfire losses – the highest in eight years, according to the latest edition of Impact Forecasting’s Global Catastrophe Recap monthly report. The report,...
View ArticleIndia Flood Damage Caused $3B Damage, Insurance Payouts Estimated at Just $300M
An enhanced North East Monsoon – almost certainly impacted by current El Niño conditions – brought weeks of torrential rainfall to southern India and Sri Lanka for much of November and early December,...
View ArticleLouisiana Flooding to Cost Economy $10 Billion; 80% of Damaged Homes Uninsured
The total economic losses of the recent Louisiana floods will be in the range of $10-15 billion, according to Impact Forecasting, Aon Benfield’s catastrophe model development team. Public and private...
View ArticleAon: Matthew Caused $15B Impact on U.S., Caribbean Economies
Total U.S. economic losses from Hurricane Matthew were forecast to range as high as $10 billion, while public and private insurance losses were estimated to possibly reach $5 billion, according to...
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