August 12, 2019
The property insurance market loss from the Australia’s Townsville floods, which affected northern Queensland, Australia, between Jan. 26 and Feb. 10, 2019, has risen to A$1.22 billion (US$827.1 million), according to PERILS, the independent Zurich-based organization that provides catastrophe insurance …
August 12, 2019
The death toll from a typhoon in eastern China rose to 32 on Sunday, with 16 people missing, state broadcaster CCTV reported, as the country braced for more travel disruptions as the storm moved further north up the coast. Typhoon …
August 9, 2019
Total economic losses, largely flood-driven, were expected to exceed US$600 million, while public and private insurers paid out nearly US$300 million, said Aon in its latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of the …
July 29, 2019
Tropical Storm Erich has formed in the Pacific far off the western coast of Mexico and is predicted to become a hurricane by Monday night as it moves over open waters on a path that could take it near the …
July 25, 2019
Global insured losses from natural disasters during the first half were estimated at US$20 billion, which is 26% lower than the H1 average of US$27 billion seen during the years 2000-2018, according to Aon’s “Global Catastrophe Recap: First Half of …
July 11, 2019
Severe European storms during June had an economic price tag of US$2 billion, while insurers anticipated claims topping $1.5 billion, according to the latest edition of Aon’s monthly Global Catastrophe Recap report. The report said most of these losses came …
May 10, 2019
Insured property losses for floods that affected northern Queensland, Australia, and in particular the city of Townsville, have risen to A$1.041 billion ($727 million), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. This second estimate …
May 7, 2019
The eastern Indian state of Odisha, battered by one of the strongest cyclones in two decades, needs at least one trillion rupees ($14 billion) to rebuild damaged houses and public infrastructure, a government official said on Monday. About 500,000 people …
May 3, 2019
A category 4 storm with strong winds and heavy rain made its landfall on India’s east coast, with authorities evacuating more than 1 million people to safer places. Flight and train services remained shut. Cyclone Fani, the worst storm to …
April 29, 2019
Serious flooding began on Sunday in parts of northern Mozambique that were hit by Cyclone Kenneth three days ago, with waters waist-high in areas, after the government urged many people to immediately seek higher ground. Hundreds of thousands of people …