Worst April for natural disaster losses since 2011
Saturday, 05 07 2016, Category: Nature, Country: World
The global economy has suffered the worst April for natural disaster losses since 2011, according to Aon Benfield’s Impact Forecasting report.
Aon Benfield’s Global Catastrophe Recap revealed that two major earthquakes struck Southern Japan during the month, killing at least 66 people. Total economic losses, including physical damage to residential and commercial structures, vehicles and infrastructures, and business interruption, were expected to exceed JPY 1.12 trillion ($10 billion). The General Insurance Association of Japan reported that nearly 70,000 non-life claims had been filed, as total insured losses were expected to breach JPY 225 billion ($2 billion).
Source: Captive Insurance Times