Aon Impact Forecasting News

April’s Killer Tornadoes Cost Insurers Billions in Claims: Aon Report

Extensive severe weather events in the United States during April cost insurers billions of dollars, according to the latest edition of Aon’s Global Catastrophe Recap report. There were 14 killer tornadoes in the U.S. in April – the fifth-most in …

U.S. Storms, Global Floods, Bushfires Cause Economic Damages of $3B-Plus in January

U.S. storms, Australian bushfires and hailstorms, and floods in various countries across the globe caused more than $3 billion in economic damages during January, according to Aon’s Global Catastrophe Recap report, which analyzes the monthly impact of natural disaster events. …

Venice Floods, Australia Bushfires, India Cyclone Top November Catastrophes

Flooding and inland storms led to multi-billion-dollar economic loss in western and southern Europe during November, according to insurance broker Aon’s latest edition of its monthly Global Catastrophe Recap report. Italy suffered the majority of losses as an active stretch …

Typhoon Hagibis to Cost Japan’s Economy $10B, with Insured Losses in Billions: Aon

Typhoon Hagibis is likely to become one of 2019’s costliest events, with economic costs of more than US$10 billion and insured losses minimally in the billions, according to Aon’s monthly catastrophe report. The storm made landfall in Japan’s Iza Peninsula …

Hurricane Dorian Ties as Strongest Landfalling Atlantic Hurricane on Record: Aon

Hurricane Dorian made landfalls in the Bahamas, North Carolina, and Canada in early September, bringing total economic and insured losses in the billions, according to Aon’s monthly Global Catastrophe Recap report. Total economic and insured losses in the Bahamas alone …

First Half Natural Disasters Cost Insurers $20B, Down 26% from 18-Year Average: Aon

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 …

Economic Costs of European Weather Events in June Top $2B: Aon Report

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 …

U.S. Tornadoes, Hail and Winds Reach Highest Levels Since 2011: Aon Report

The U.S. dealt with close to 4,400 reports of tornadoes, hail and straight-line winds in May, the most since 2011, according to weather data cited by Aon’s monthly Global Catastrophe Recap report. According to the report, the weather situation involved …

Some of April’s Costly Storms: U.S. Tornadoes, Canada Floods, Mozambique Cyclone

Some of April’s natural catastrophes included an elevated number of tornadoes in the United States, the strongest cyclone to hit Mozambique on record and costly seasonal flooding Eastern Canada that inundated nearly 10,000 homes, according to Aon’s latest monthly Global …

Global Floods Cause $8B in Economic Losses During March: Aon Catastrophe Report

Damage from flooding in March 2019 is estimated at US$8 billion from events across the globe, according to Aon’s “Global Catastrophe Recap – March 2019.” “The major catastrophe events of March highlighted the continued vulnerabilities which exist in both developed …