Severe weather caused billions of dollars in insured losses in July 2017 , according to Aon . Economic losses in the US alone are expected to reach $ 2bn because of severe storms . Additionally , flash flooding in Southeast Asia killed hundreds of people and flooded roughly 500 homes , while European countries suffered a record - breaking heatwave . Response to extreme weather will increase in the countries 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 billions of dollars in insured losses in July 2019, according to Aon. Economic losses in the US alone are expected to reach $2bn because of severe storms. Additionally, monsoon flooding in Southeast Asia killed hundreds of people and flooded roughly 600,000 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.