Source: Aon Benfield’s 2017 Annual Report: Weather, Climate & Catastrophe Insight
Which events led to $232 billion in economic losses?
Typhoon Hagibis hit from October 6-12, causing 99 deaths and $15 billion in economic losses. A month earlier, Typhoon Faxai was responsible for three deaths and $10 billion in economic losses in Japan.
Monsoon floods from June to August caused 300 deaths and $15 billion in economic damages, tying it with Japan’s Typhoon Hagibis as the year’s costliest disaster. In August, Typhoon Lekima struck China as a super typhoon and was the second costliest storm in China’s history. The typhoon also struck the Philippines and Japan, causing
101 deaths and $9.5 billion in economic losses.
The central U.S. had to deal with two devastating flood incidents in 2019. Flooding in the Mississippi Basin from May to July caused no deaths, but it did result in $10 billion in economic losses. Earlier in the year, March flooding in the Missouri Basin caused 10 deaths and $10 billion in economic losses.
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There were 41 individual events in 2019 that each caused $1 billion-plus in economic losses. Here’s a look at some of the areas hardest hit by the year's natural disasters.
Hurricane Dorian ravaged the Bahamas after making landfall in September as a Category
5 storm. It also caused considerable damage elsewhere in the Caribbean, the U.S. and Canada. All told, the storm was responsible for 83 deaths and $10 billion in economic losses.
Flooding in March and April 2019 was responsible for 77 deaths and $8.3 billion
in economic losses in Iran, impacting
25 provinces and more than 4,000 villages. The floods caused major damage to regional infrastructure and agriculture.
A series of cyclones in March and April hitting Mozambique last year caused the biggest humanitarian crisis of 2019. The most destructive was Cyclone Idai. It made landfall as a Category 2 storm and its storm surge and inland flooding destroyed more than 300,000 homes, killed 1,303 people, and resulted in economic losses of an estimated $2 billion.