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 …
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 …
An earthquake in China and two in Iran dominated global catastrophes in April. Additional earthquakes were recorded in Japan, Afghanistan and Hungary during the month. Parts of the U.S. suffered severe hail and flooding damage during April, although there were …
Late-season winter weather affected much of Europe throughout the month of March. At least 30 fatalities were reported across the continent and early total economic loss estimates stood at $1.8 billion, including $914 million for France alone. Impact Forecasting, the …
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 state of emergency was declared in six …
Torrential monsoonal rains prompted severe flooding throughout the Indonesian capital of Jakarta, killing at least 41 people, according to Impact Forecasting, the catastrophe model development center at Aon Benfield, the global reinsurance intermediary and capital advisor of Aon. Government officials …
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 Valley, which sustained extensive damage. Economic losses to agriculture, infrastructure and …
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, making it the costliest flood year since 2007, …