Aon Unit Pegs Economic Loss From Hurricane Matthew At $15B

Hurricane Matthew, which is estimated to have caused $150 million in economic losses in Canada alone and killed more than 600 in the Western hemisphere, set several records, Impact Forecasting LLC said in a report released Monday. Hurricane Matthew officially made landfall at 10:45 a.m. Eastern time Oct. 8, 2016 near McClellanville, S.C., Impact Forecasting stated in its Hurricane Matthew Event Recap report. The disaster “set many new meteorological records, and is still the most intense October Atlantic hurricane on record,” stated Impact Forecasting, a unit of London-based commercial insurance brokerage Aon plc.