Asia records $10bn economic loss as severe flooding continues in July, according to Aon catastrophe report
The report reveals that relentless seasonal flooding that began in mid-June resulted in continued fatalities and damage across parts of
Heavy flooding also occurred in
Meanwhile, monsoon rains killed hundreds and caused major damage to structures, agriculture and infrastructure in parts of
Additional seasonal rains in
Two separate instances of powerful thunderstorms resulted in considerable damage in
Additional severe thunderstorms and subsequent flooding affected many sections of
Other natural hazard events to have occurred elsewhere during July include:
- Major severe weather events were noted in
Canada ,China , andEurope . - Officials in
Italy reported that prolonged drought conditions has cost the economy someEUR2.0 billion (USD2.3 billion ) in economic losses. Production of vegetables, fruits, cereals, vines, and olives were all impacted by the abnormally dry conditions which prevailed across the country during the first half of 2017. - Extreme heat and drought conditions led to wildfire damage across parts of
the United States ,Canada ,Portugal ,France , and the Balkans. - Tropical Storm Talas made landfall in
Vietnam , causingUSD44 million in economic damage. - Strong earthquakes were recorded in
the Philippines ,Greece ,Turkey , andChina . - A winter storm brought high winds and flooding to
New Zealand ; damage estimated in the millions (USD).
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:
www.aonbenfield.com/catastropheinsight
Further information
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