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Member, Beacon International Group, Ltd.
Aon Benfield's Impact Forecasting unit has said that the global catastrophe insured losses are likely to total at least $4 billion in December 2015, Artemis.bm reports.
Winter storms in the United Kingdom and the United States during the month have significantly contributed to the loss bills. Impact Forecasting estimates the insured losses from the U.K. storms at more than £1.5 billion ($2.2 billion). Other natural catastrophes that added to the insured losses for the month include a wildfire in Australia, drought in Ethiopia, floods in several Latin American nations and typhoon Melor in Philippines.