Global economy endures nearly $20bn in losses from Q1 natural hazards and insurers face $7bn payout. Aon Benfield's monthly report studies worldwide natural disaster perils and aggregates the insured and economic losses for each region.
In this month's report:
- Severe drought conditions in Brazil lead to $4 billion in lost agriculture.
- Northern Hemisphere winter season ends with more snow and ice damage across multiple continents.
- Major flood and mudslide events recorded in the United States, South America, South Africa and New Zealand.