Source: Aon Benfield’s 2017 Annual Report: Weather, Climate & Catastrophe Insight
Which events led to $232 billion in economic losses?
Japan:
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.
China:
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.
APAC
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United States:
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.
AMERICAS
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AMERICAS
ASIA-PACIFIC
APAC
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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.
AMERICAS (Non-U.S.)
Bahamas:
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.
Source: http://thoughtleadership.aon.com/Documents/20200122-if-natcat2020.pdf
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EMEA
Iran:
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.
Mozambique:
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.
EMEA
Europe,
Middle East,
and Africa