The report reveals that days of extreme rainfall across parts of the
Total economic losses were forecast at
Meanwhile, a severe magnitude-6.2 earthquake struck central
Total economic damage was estimated to reach into the billions of dollars (USD); however, given very low insurance penetration, the insured loss portion was expected to be a fraction of the overall cost.
Further natural disaster events to have occurred during August include:
India, continued flooding brought the death toll for the season to 600 as more than 100,000 homes and other structures were destroyed. Total economic losses were estimated at USD462 million. China, Pakistan, Vietnam, Philippines, Japan, North Korea, South Korea, Sudan, South Sudan, and Macedoniaall cited major flood events during the month.
- Notable earthquake events were reported in
- Hurricane Earl made separate landfalls in
Belizeand Mexicoafter first tracking through the Caribbean Sea, killing at least 67 people. Total economic losses were estimated at USD250 million, including in Mexico( USD132 million) and Belize( USD110 million).
- Tropical cyclone impacts Typhoon Nida (
Philippines, China, Vietnam), Tropical Storm Dianmu ( China, Vietnam), Tropical Storm Mindulle ( Japan), and Typhoon Lionrock ( Japan, China, Korean Peninsula).
- Wildfires burning in southern
France, mainland Portugal, and on the islands of Madeira (Portugal)and La Palma (Spain)claimed at least five lives. In Portugal alone, the fires charred 115,000 hectares (284,000 acres) of land as total economic damage was listed at EUR200 million( USD226 million).
Californiawildfires prompted evacuations and destroyed hundreds of homes. Economic losses were forecast at above USD100 million; the cost to fight the fires was more than USD50 millionalone.
To view the full Impact Forecasting
Along with the report, users can access current and historical natural catastrophe data and event analysis on Impact Forecasting's Catastrophe Insight website, which is updated bi-monthly as new data become available:
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/louisiana-floods-to-cost-us-economy-more-than-10bn-according-to-aon-catastrophe-report-300325421.html