Global Catastrophe Recap report News

Aon: 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 Impact Forecasting. Aon Benfield’s catastrophe model development team released …

Louisiana 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 insured losses were expected to be in the low-digit single …

India 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, killing at least an estimated 386 people …

Aon: 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, which evaluates the impact of the natural disaster events …

Rammasun 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 made separate landfalls in the Philippines and China, caused widespread …

Hail 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 month, causing significant hail damage in parts of Germany, France …

$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 reinsurance intermediary and capital advisor of Aon plc, released the latest …

Multiple Billion-Dollar Flood Events Highlight Active August for Natural Catastrophes: Aon Benfield

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 Forecasting’s latest edition of its monthly Global Catastrophe Recap report, which reviews the …

Flood 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 tentatively estimated at approximately $5.3 billion, according to …

Insurers 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 or destroyed up to 13,000 homes and structures. Total …