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Catastrophes' insurance tab exceeds $2.4 billion in Asia-Pacific

Posted On: Jul. 29, 2019 5:45 AM CST

A report by U.K.-based Aon P.L.C. found that catastrophes caused $2.4 billion in insured losses in the Asia-Pacific region in the first half of this year, up 14% from $2.1 billion in average losses since 2000, Asia Insurance Review reported. The catastrophes caused $73 billion in economic losses with cyclone Fani in India accounting for more than $8 billion and floods in China accounting for $7.7 billion of losses.

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