Catastrophes cause nearly $8 billion of losses in China, India: Aon

A report found that heavy rains and floods caused more than $6 billion in losses in China while drought caused nearly $2 billion of losses in India in June, Asia Insurance Review reported. The report by U.K.-based insurance broker Aon P.L.C. found that in June and July, at least 200 people were declared dead or missing with floods affecting nearly 200,000 homes and other structures in China.

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