Source: Business Insurance

July 29, 2019 A report by U.K.-based Aon P.L.C. found that catastrophes caused $2.4 billion in insured losses in the Asia-Pacific region in the first half of this year, up 14% from $2.1 billion in average losses since 2000, Asia Insurance Review reported. The catastrophes caused $73 billion in economic losses with cyclone Fani in India accounting for more than $8 billion and floods in China accounting for $7.7 billion of losses.