The Institutes

Aon Monthly Cat Recap Highlights Asia Floods, Atlantic Storms

 Friday, September 3, 2010

 Insurance Journal

Aon Benfield's latest release of its Monthly Cat Recap report, which provides an analysis of global natural perils in August, reports the month was "dominated by historic floods in Pakistan destroying over 1.25 million homes, a massive landslide in China that killed at least 1,467 people and tropical storm activity in the Atlantic and the Western Pacific." Hurricane Frank developed off the southern Mexico coastline and brought heavy rains and gusty winds, impacting at least 30,000 people, while Hurricane Earl developed in the Atlantic Ocean and affected parts of the northern Leeward Islands while glancing Puerto Rico. At least 187,000 people lost electricity and another 60,000 people were without water.
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