Severe weather generated 2bn in insured losses in July , according to Aon. Economic losses in the U.S. alone are expected to reach $ 2bn because of severe storms. In Southeast Asia, monsoonal flooding claimed the lives of hundreds of people in July and drove a notable economic loss with an estimated 600,000 homes flooded in Bangladesh. Additionally, monsoon flooding in Southern California killed hundreds of people and flooded hundreds homes, while European countries suffered a record-breaking heatwave. Exposure to extreme weather will increase in the areas most at risk and the issue of resilience will become increasingly important, said meteorologist Steve Bowen , head of catastrophe insight in Aon’s Impact Forecasting team.
Severe weather generated 2bn in insured losses in July , according to Aon. Economic losses in the U.S. alone are expected to reach $ 2bn because of severe storms. Additionally, monsoon flooding in Southern California killed hundreds of people and flooded hundreds homes, while European countries suffered a record-breaking heatwave. Exposure to extreme weather will increase in the areas most at risk and the issue of resilience will become increasingly important, said meteorologist Steve Bowen , head of catastrophe insight in Aon’s Impact Forecasting team.