Aon Impact Forecasting News

A Snowstorm that Cost Nearly $2.2B and Other January Natural Catastrophes: Aon

A snowstorm in Spain, called “Filomena,” caused business interruption and property losses estimated at nearly €1.8 billion ($2.2 billion), according to Aon’s monthly Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that occurred worldwide during …

With Economic Damages of $9B, Hurricanes Eta and Iota Topped Off Record Year: Aon

Hurricanes Eta and Iota in November topped off the 2020 Atlantic hurricane season when a record of 12 named storms made landfall in the United States. The two final hurricanes of the season had an economic cost of approximately $9 …

RMS Estimates Insured Losses from Hurricane Isaias at $3-$5 Billion

Estimated total insured losses from Hurricane Isaias will be between $3.0 and $4.5 billion in the U.S. This includes estimated losses to the National Flood Insurance Program (NFIP) of between $400 and $700 million, according to RMS, the catastrophe risk …

Global Natural Catastrophe Losses During H1 Ranged from $68B to $75B: Munich Re, Aon

Munich Re and Aon both issued reports this week on the economic and insurance costs of global natural catastrophes during the first half, which varied in magnitude by $7 billion. While Munich Re estimated that natural disasters across the globe …

Hailstorm in June Was One of Canada’s Costliest Thunderstorm-Related Events: Aon

Canada saw powerful a series of powerful thunderstorms in June, which brought hail greater than the size of tennis balls and caused extensive damage and flooding throughout the greater Calgary metro region, said Aon in its monthly Global Catastrophe Recap …

U.S. Economic Losses from Severe Weather During May Topped $4 Billion: Aon

Severe weather outbreaks across the United States, with a lot of hailstorm damage, resulted in another costly month for insurers as a significant proportion of the US$4 billion economic cost was covered by insurance, according to Aon’s monthly Global Catastrophe …

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 …