Global flooding events cause over $5 billion in economic losses in June: AonReprints
A recent report by Aon Benfield's risk analytics unit Impact Forecasting L.L.C. has said that global flooding events caused more than $5 billion in economic losses in June, reported Artemis.bm.
Aon Benfield said that the economic cost of flooding in China has been estimated at over $4.4 billion.
Severe thunderstorms in the United States resulted in over $350 million of insured losses, said Aon.