Billion-dollar economic cost from New Zealand earthquake as insurance claims breach 15,000, according to Aon catastrophe report
The report reveals that a powerful magnitude-7.8 earthquake and several large aftershocks struck
Meanwhile, significant wildfires – many set by arsonists – swept across parts of
Large hail and damaging winds impacted the
In the second half of November, an outbreak of wildfires caused catastrophic damage to areas of eastern
Natural hazard events to have also occurred in November include:
- A series of severe thunderstorms producing golf ball sized hail swept across
South Australia ,Victoria andNew South Wales .The Insurance Council of Australia noted that 28,146 claims had been filed with payouts totaling AUD192.6 million (USD144 million ). Overall economic losses were even higher. - Windstorm Nannette tracked through areas of
Western Europe , generating severe wind gusts and isolated flooding over portions of theUK ,France ,Belgium ,the Netherlands , andGermany . Total economic losses were expected to significantly exceedUSD100 million . - Hurricane Otto made landfall at Category 2 strength in
Nicaragua , killing 17 people in the southwestCaribbean and resulting in total economic losses estimated at nearUSD50 million . - Severe flooding events were recorded in parts of
Italy ,France ,Saudi Arabia ,Indonesia , Hispaniola, andSouth Africa .
To view the full Impact Forecasting
Please note that Impact Forecasting's 2016 Annual Global Climate and Catastrophe Report, which reviews and analyses the natural disaster events that occurred worldwide during calendar year 2016, will be available around mid-January.
Along with the report, users can access current and historical natural catastrophe data and event analysis on Impact Forecasting's Catastrophe Insight website, which is updated bi-monthly as new data become available:
www.aonbenfield.com/catastropheinsight
Further information
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