Claims Journal - 10/5/12
Of the more than $7.5 billion in economic losses recorded in Asia, China sustained much of that loss as two separate flood events affected several provinces, according to the latest edition of Aon Benfield’s Global Catastrophe Recap report, which reviews the natural disaster perils that occurred worldwide during September.
Published by Impact Forecasting, the firm’s catastrophe model development center, the report reveals that seasonal monsoonal rains caused significant flooding across parts of Asia during the month. The most costly occurred during a six-day stretch, in which the Ministry of Civil Affairs confirmed economic losses of at least $4.92 billion across six provinces.
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